Question

Causes for the growth of capitalist class in india

Answer 1

The growth of Indian capital class was different and not seen in other colonial countries. The Indian capitalist grew as independent from foreign capitalist and not as their junior partners or friends. The capitalist weren’t tied up with pro imperial interests but a large section of them argued for comprehensive reforms, cooperatives of production, finance and marketing.  


The capitalist grew during the period of 1914-1947 due to import substitution. The Indian enterprises had captured round 70% of the domestic market.