Discuss the reasons which led the decline of indian industries
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student-name Trinanjan Kumar asked in Social Science
discuss the reasons which led to the decline of Indian industries
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student-name Sujatha answered this
in Social Science, Class
By mid-19th century, the Indian textile industry declined due to many reasons. Here are the important reasons:
1. Mills and factories increased in Britain due to industrialisation. They feared that the imports from India would affect them adversely. So they lobbied and wielded pressure on the government to stop importing cotton textiles from India and also pressurized the East India Company to urge the Indian farmers to grow cotton and supply cotton to mills in Britain.
2. The East India Company also promoted British mill cloth in Indian markets at the behest of its Board.
3. The factory made cotton textiles was far cheaper than the textiles made from traditional weavers and artisans in India and so captured the market.
4. The Indian weavers could also not gain access cheap cotton from farmers. When the American Civil War broke out, the supply of cotton from the New World was cut-off and the British mills had to depend almost entirely on the Indian cotton growers. This created a shortage of supply to Indian weavers and the prices of raw cotton was exorbitant and so by 1860s, the Indian cotton textile industry was very hugely affected.
5. The Nationalist Movement in India was still not wide-spread and people preferred foreign clothes and goods. Only when the Nationalist Movement gained momentum, people shunned foreign goods and cloth