any two impacts of industrial revolution of europe on indian industries during early 19th century
Answers
2. the Indian weavers became poor.
The following are the two main impacts of the Industrial Revolution on India:
1. The cotton industries in England: as cotton industries developed in England, it commenced the manufactures of Britain to ask the government to impose import tariffs. This situation led to tension for the Indian manufacturer.
2. The growth of factories: as the factories grow the demand for the goods began reducing. Therefore, the British traders convinced the EIC to sell the products made in Britain in the Indian markets.
3. A dual policy: in order to increase the buyers in India, the EIC adopted a two edge policy, through which it abolished all the taxes on import and put high taxes on export.
4. Cheap clothes: manufactures by machines, the clothes made in Britain were very cheap as compared to the Indian clothes. The prices of shipped cotton clothes were so economical that the Indian weavers could not simply fight with them.