Describe the emergence of entrepreneurship in India
CBSE NCERT Class 10 History Chapter=The Age of Industrialisation
Answers
Answer:
Ancient India was known across the world for its affluence and wealth. Traders from all over the world travelled to India to take part in this affluence. Be it the Mughals, the Portuguese, the Turks or the British – all of them ventured into Indian boundaries for various financial reasons. While over a long period of time, the entrepreneurial drive among Indians was notably absent, modern India has risen up to the task again. Even those who have little or no entrepreneurial experience are choosing to take part in an entrepreneurship management course to gain theoretical knowledge as well as practical experience before starting their entrepreneurial journey.
Factors Leading to Increase in Entrepreneurship:
1. Encouraging schemes by the government authorities
2. The Rise of Technology
3. Female Entrepreneurs
Hope this helps! Thank you!
Answer:
Industries were set up in different regions by varying sorts of people.
The history of many business groups goes back to trade with China.
From the late eighteenth century, the British in India began exporting opium to China and took
tea from China to England. Many Indians became junior players in
this trade, providing finance, procuring supplies, and shipping
consignments. Having earned through trade, some of these
businessmen had visions of developing industrial enterprises in India.
In Bengal, Dwarkanath Tagore made his fortune in the China trade
before he turned to industrial investment, setting up six joint-stock
companies in the 1830s and 1840s. Tagore’s enterprises sank along
with those of others in the wider business crises of the 1840s, but
later in the nineteenth century many of the China traders became
successful industrialists. In Bombay, Parsis like Dinshaw Petit and
Jamsetjee Nusserwanjee Tata who built huge industrial empires in
India, accumulated their initial wealth partly from exports to China,
and partly from raw cotton shipments to England. Seth Hukumchand,
a Marwari businessman who set up the first Indian jute mill in
Calcutta in 1917, also traded with China. So did the father as well as
grandfather of the famous industrialist G.D. Birla.