impact of industrial revolution on india
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The central hub of the Industrial Revolution was Great Britain. ... However, the Industrial Revolution had a significant effect on many other countries around the globe. Great Britain's East India Company collected revenue and raw material from the prosperous area of East India and sent the money and materials to Britain.
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Impact of the industrial revolution in India:
- India turned into and importers of factory made finished goods and an exporter of raw materials.
- As factory made goods were cheaper than handmade goods, Indian artisans could not face the competition.
- As a result, The traditional textile industry was ruined.
- With the decline of the textile industry, There was large scale de-urbanization( a situation where people live a town or city and move to other areas).
- The main centres of the textile industry such as Murshidabad, Dacca (now Dhaka), Surat, Lucknow and Masulipatnam among others became deserted.
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