Explain with examples the role of industrialists in the freedom struggle of India.
Answers
Answer:
(i) They lent their support to the Congress in protest against the colonial policies that restricted indigenous business enterprises. (ii) They also gave financial assistance and refused to buy or sell foreign goods. They formed associations like the Indian Industrial and Commercial Congress in 1920 and FICCI in 1927.
Explanation:
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Answer:
1. The Civil Disobedience Movement of the 1930s saw considerable participation from the business classes, led by industrialists such as Purshottamdas Thakurdas and G.D. Birla.
2. They reacted against various policies of the British that obstructed their expansion. They wanted protection against imports of foreign goods and a rupee-sterling foreign exchange ratio that would discourage imports.
3. In organizing their business interests, they formed the Indian Industrial and Commercial Congress in 1920 and the Federation of the Indian Chamber of Commerce and Industries (FICCI) in 1927.
4. They gave financial assistance to the Civil Disobedience Movement and refused to buy or sell imported goods.
5. Most of the industrialists saw the colonial policies of restricting business activity as oppressive and wanted them to be removed so that trade and industry could flourish, thus, contributing to the growth of Indian economy.