Question

During British rule, why was it easier for the European companies rather than Indian companies to set up industries? Give a few reasons.

Answer 1

Answer:

Explanation:.

During British rule it was easier for the European companies rather than Indian companies to set up industries for the following reasons:

• Britishers were basically Europeans so it was evident that they would push for their economic development of their companies.                    

• The British forced Indians to export raw materials at very low prices to Britain like food grains , plantation products etc which was not available in abundance in their country. Also there were certain products which were sent across to Britain which were in great demand.

• Indian industrial products were heavily taxed compared to the European counterparts which resulted in costly Indian products compared to the Europeans ones.

• During the British rule Indians were forced to use readymade  goods  produced by the British which attracted nominal duty or even duty-free, on the contrary Indian goods were levied with high import duties in England.

• The East Indian Company helped the European Industrialists in  exploiting resources which was not the case with the Indian Industrialists as they hardly got any assistance from the company.

        Hope this helps.

Answer 2

Answer:

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