Agricultural Economy : Indian economy was an agricultural economy even before the British rule. Most of the population here was engaged directly or indirectly in agricultural works. Indian agricultural land used to produce gold in the form of food grains. Therefore, Indian economy was a prosperous economy with the point of view of agriculture.
Industrial Development : Before the British period, industries had already been established in India.
The Indian industrial goods were famous globally.
1. Barter system was in existence in India.
2. Lack of mobility existed in the factors of production.
3. Animals were used as modes of transportation and power.
4. Industrial knowledge, technical skills, and engineering skills were present in people.
