Jn quibuy Wherever you are 4. Cover and protect your head Which of the following was responsible for the decline of Indian handicraft industry during colonial rule? 1. Duty-free import of cheaper machine made goods into India from Britain 2. Imposition of heavy duties on the import of Indian goods into Europe 3. The British policy of exporting raw materials from India to Britain 4. Increasing tendency among the Indian elites to adopt western lifestyle
Answers
Answer:
4. Increasing tendency among the Indian elites to adopt the western style.
Explanation:
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Explanation:
The process of de-industrialisation is an economic change in which employment in the manufacturing sector declines due to various economic or political reasons.[1] The decline in employment in manufacturing is also followed by the fall in the share of manufacturing value added in GDP. The process of de-industrialisation can be due to development and growth in the economy and it can also occur due to political factors. In other words, the term de-industrialisation means a general reduction in the industrial capacity and came into prevalence in India with the decline and collapse of the handicrafts industry by external competition from British-manufactured products during the 19th century.
The initial concept of Indian de-industrialisation was introduced by Sir William Bentinck who acted as the Governor-General of India between 1833 and 1835. His policy significantly impacted the cotton industry of India. The effect of British cotton industry on Indian cotton industry was originally presented by Karl Marx in Das Kapital.[2]
The historical de-industrialisation processes observed in the British colonies such as India are said to be a product of colonial rule. The Industrial Revolution in Europe is followed by a significant decline in the artisan and manufacturing activities in European colonies in Asia such as India