Strategy of industrial development in india
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Indian Industry had a global presence before the advent of Britishers in India. Before the advent of British in India, India accounted for a quarter of World’s Industrial output.
The exports from India consisted of manufacturers goods like cotton, silk, artistic ware, silk and woollen cloth.
The impact of British Policies and the Industrial Revolution led to the decay of Indian handicraft industry. Post-Industrial revolution in Britain, machine-made goods starting flooding into the Indian markets.
The decline of traditional handicraft was not followed by the rise of modern Industrialisation in India due to the British policy of encouraging the imports of British made goods and exports of raw materials from India.
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