Economy, asked by ishuism000, 5 months ago

name the areas of the operation of the public sector under the British rule​


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Answers

Answered by jeevi22
1

Answer:

Answer:

✰BRITISH COLONIAL RULE

The Pre-Colonial Industrial Sector in India

Before the rise of the British empire in India, it was known for its handicraft industry. Evidently, this industry enjoyed worldwide demand and was held in a high regard. Indian craftsmanship was applauded in all parts of the world. The textile industry was among the most important urban handicraft industry. Articles made up of wool, cotton and silk were famous both inside and outside the country’s boundaries.

Additionally, various metal industries, stone carving, marble work, shipbuilding and tanning and leather industries were taking shape. These industries potentially accelerated India’s growth, establishing it on the world map. However, the British Raj took every step to ensure that this wasn’t the case.

✰ Industrial Sector under British Rule

━━━━━━━━━━━━━

Firstly, Indian export volume was made dominant with raw materials directed to Britain. Effectively, from a prominent exporter of manufactured handicraft items, India was reduced to a mere exporter of raw materials. Secondly, this ensured that there was a low level of local supply to meet Indian demands for finished goods. Hence, India was forced to turn towards British to meet its demands.

Furthermore, the downfall of aforesaid industries gave rise to large-scale unemployment. Interestingly, colonials shrewdly erased this unemployment, identically born as a result of their policies, by offering employment for working in tea, coffee, indigo plantations and jute industries, completely owned by the colonials. At the same time, increased local demand was being profitably met by the British imports.

Further, some other industries started coming up after the second world war for example- sugar, paper, cement, steel, and iron industry. Notably, 1907 saw the incorporation of the Tata Iron and Steel Company (TISCO).

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Answered by Anonymous
1

Answer:

✰BRITISH COLONIAL RULE

The Pre-Colonial Industrial Sector in India

Before the rise of the British empire in India, it was known for its handicraft industry. Evidently, this industry enjoyed worldwide demand and was held in a high regard. Indian craftsmanship was applauded in all parts of the world. The textile industry was among the most important urban handicraft industry. Articles made up of wool, cotton and silk were famous both inside and outside the country’s boundaries.

Additionally, various metal industries, stone carving, marble work, shipbuilding and tanning and leather industries were taking shape. These industries potentially accelerated India’s growth, establishing it on the world map. However, the British Raj took every step to ensure that this wasn’t the case.

✰ Industrial Sector under British Rule

━━━━━━━━━━━━━

Firstly, Indian export volume was made dominant with raw materials directed to Britain. Effectively, from a prominent exporter of manufactured handicraft items, India was reduced to a mere exporter of raw materials. Secondly, this ensured that there was a low level of local supply to meet Indian demands for finished goods. Hence, India was forced to turn towards British to meet its demands.

Furthermore, the downfall of aforesaid industries gave rise to large-scale unemployment. Interestingly, colonials shrewdly erased this unemployment, identically born as a result of their policies, by offering employment for working in tea, coffee, indigo plantations and jute industries, completely owned by the colonials. At the same time, increased local demand was being profitably met by the British imports.

Further, some other industries started coming up after the second world war for example- sugar, paper, cement, steel, and iron industry. Notably, 1907 saw the incorporation of the Tata Iron and Steel Company (TISCO).

━━━━━━━✦✗✦━━━━━━━━

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