How was the Indian cottage industry affect by economic exploration policy of Britishers?
Answers
Economic exploitation :
Agricultural india was made an economic colony to serve the interests of industrial england. India was forced to export, at cheaper rates, raw materials like cotton and raw silk that the british industries needed urgently;plantation products like indigo and tea and food grains which were in short supply in britain.
The indian handmade goods were unable to compete with the machine made britush goods. This ruined the indian industry. Thus the change in the nature of indias trade became an instrument for exploiting indias resources.
This leaded to heavy duties on silk and cotton textlites. On the other jand the british goods were imported at a nominal duty. The art of spinning amd weaving were extinct.
The misery of artisans was further compounded by the disappearance of their traditional patrons and buyers.
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The export of the raw material from India and import of the manufacturing textile goods from England led to the decline of the cottage industry.
Explanation:
- The economic policies of the colonial government concerned with the protection and promotion of the economic interests of Britain.
- India has always been part of the cottage industry.
- As the industrial revolution began in England, they needed raw material to run factories and mills.
- The raw cotton and silk were export at a low price to run factories in England.
- All the manufacturing goods brought back to India and sold at a cheaper price than the hand-made cloth.
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What is cottage industries give two examples of cottage industry
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