Question

In what ways industrialisation affected the Indian economy?​

Answer 1

Industrialization – the period of transformation from an agricultural economy to an urban, mass-producing economy – has accompanied every period of sustained per capita gross domestic product (GDP) growth in recorded history.

Answer 2

The first industrial revolution began in Great Britain in 1770s and spread to the rest of Europe, USA and other continents. The advent of industrial revolution changed the human life drastically. More innovations/discoveries in machines, technologies, processes, production systems, energy sources, communication, transport, finance and credit, etc. were developed in the last 250+ years than the previous 2500+ years of known human history. Use of electrical power increased with the 2nd Industrial revolution during 1870–1960.