Question

In what ways industrialisation affected the Indian economy?

Answer 1

Answer:

The industrial revolution came late to India, due to its complicated political, social and economic relationship with Great Britain. As a result, it took decades before India started adopting modern industrial practices, such as steam power and mechanized spinning and weaving, in its textile manufacturing.

Answer 2

Explanation:

IMpact of industrialisation on Indian economy

1. Increase in national income.

Industrialization makes possible the optimum utilization of the scarce resources of the country. It helps in increasing the quantity and quality of various kinds of manufactured goods and thereby make a larger contribution to gross national product. (GNP).

2. Higher standard of living.

Industrialization helps in increasing the value of output per worker. The income of the labour due to higher productivity increases. The rise in income raises the living standard of the people.

3. Economic stability.