Compare the industrialization between British and India during colonial period????
Answers
Ideas of Dietrich Brandis for the management of forests in India during the British period are as follows:
(i) He felt that a proper system of managing forests had to be introduced.
(ii) The people had to be trained in the science of conservation.
(iii) Rules about the use of forest resources had to be framed.
(iv) Felling of trees and grazing had to be restricted.
(v) Forests to be preserved for timber production.
Explanation:
It was very difficult to raise capital on private initiative in the days of the Company rule and, thereafter, because of damped forces of demand and supply capital remained shy.
Naturally, under the circumstance, the state is supposed to act as a godfather for promoting and financing industries. Since India was under the British rule for almost 200 years (1757-1947), the British Government, found it unprofitable and unnecessary to go for industrialization in India. However, imperialist capital came in this country as a matter of colonial policy—the policy of subordination of Indian to British capital. It was only after the First World War (1914-1918), that state patronage for industrial development was visible as Britain’s supremacy all over the globe came under serious threat.
Against this backdrop, a “new” pattern was evolved to overcome the obstacles of (i) shortage of entrepreneurship; (ii) non-availability of, mainly, venture capital; and (iii) dearth of managerial skill and knowhow.
This new pattern of industrial organisation that evolved came to be known as the Managing Agency System (MAS)—a peculiar business entity in the early years of the nineteenth century. Before we embark upon this form of industrial organisation, we will make a brief review of the industrial development during the British rule.
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