Land Revenue Systems: The introduction of exploitative land revenue systems such as the Zamindari system led to excessive taxation and neglect of agricultural development.
Commercialization of Agriculture: Focus on cash crops for British industries reduced food grain production, leading to frequent famines and stagnation in agricultural productivity.
During the British rule, India’s foreign trade had various features except _________ .
Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.