Question

Imagine that you are a 19th-century Indian business entrepreneur. You want to set up a textile mill in your area.What major
challenges do you think you are likely to face and how do you plan to tackle them?​

Answer 1

Explanation:

Textile sector faced a lot of problems during 19th century. Few of these are mentioned below

Problem : Local manufacturers were short of raw cotton supply. Due to world war, foreigners got short on the cotton production and all of the  Indian cotton was exported.

Solution : This problem could be solved by limiting the exports and preferring local manufacturing

Problem : Imports of cotton goods was at peak because it was produced on low cost due to the machinery they had. Thus, it became famous among the country.

Solution : This problem could be solved by producing local cotton goods at a lower cost