Question

Briefly explain the theory of drain of wealth. British rule affect the iron smelting industry in India?​

Answer 1

Answer:

When the colonial government prevented people from entering the reserved forests, the iron smelters could not find wood for charcoal to light the furnace. ... Ironsmiths in India began using the imported iron to manufacture utensils and implements. This lowered the demand for iron produced by local iron smelters.

Explanation:

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