How did the Britishers damage the Indian industries ? (Long answer 100-120 words).
Answers
Answer:
Strategies were devised by Britain to enhance the consumption of finished goods from it. They encouraged the production of raw materials, while simultaneously imposing restrictions on domestic finished goods. ... As a result, Indian goods could not enter the British market while British goods flooded the Indian market.
Explanation:
Despite being famous, Indian handicrafts industry began to fall at the beginning of 18th century. The policy of mercantilism adopted by the British was the principle reason.
Explanation:
The Indian handicrafts that had made the country famous, collapsed under the colonial rule. This was mainly due to the competition posed by the machine made goods that were imported from Britain. The ability of mass production of goods helped Britain to flood the Indian markets with cheap products especially cotton textiles.
The railways facilitated the reach of these goods to remotest parts in India and the procurement of raw materials from these parts. The traditional handicrafts industry faced a tough competition from these goods produced in bulk.
The policy of free trade followed by the East India Company helped them to dictate terms of trade. They compelled the Indian craftsmen to sell their goods below market price and they hired their services at below the prevailing wages.
This forced many a craftsman to abandon their ancestral trade. The British exported raw materials from India like cotton. As a result the Indian weaver had to buy these materials at higher prices. This in turn raised the cost of Indian handicrafts as compared to the machine made goods. Indian goods were also subjected to high tariffs in the English market whereas the British goods gained duty free access into the Indian markets.
As a result, Indian goods could not enter the British market while British goods flooded the Indian market.
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