how iron and steel industries came up in India during 18th century?
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Modern industrialisation is synonymous with the development of iron and steel industry. The extent of industrialisation in any country is usually measured in terms of per capita consumption of steel. This is because all other industries have to depend on steel out of which machinery of any kind is manufactured. As soon as the process of machine production gets momentum, the rate of industrialisation gets strengthened. Thus, in the dynamics of industrial growth in any country, the growth of iron and steel industry is undoubtedly crucial.
It is rather curious that in developing the two key industries—cotton manufactures and iron and steel goods—that laid the basis of the British industrial revolution, the role of the Englishmen were marginal compared to the part played by the Indians.
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Industrialisation in India during the British regime started its half-hearted journey. Machine-building and capital goods industries, whose prosperity greatly depends on this basic and key industry, did not make their appearance for a considerable span of time. However, the industry really made its headway between the two World Wars (1919-1938).
During the pre-British period, levels of income, demand, and costs of production were insufficient to stimulate local innovations in iron and steel-making. The British regime also did not provide a congenial climate to have this ‘core’ industry. Rather, the industry experienced open and unconcealed opposition from the “Home manufactures”. Against this backdrop, the development of iron and steel industry was bound to be chequered.