The impact of the two century long British regime had a huge negative impact on our Indian economy in all the sectors. The agricultural sector had low productivity and huge labour surplus. The industrial sector needed modernization and more diversification and public investment. Trade was in a bad shape too. We had lost our handicrafts market and also the monopoly of the jute export market. Infrastructure had been improved very slightly by the British by the introduction of the railways but other infrastructure like postal services and public health services needed to be improved. Overall, we can see that India faced a plethora of social and economic challenges at the time of Independence.