Economy, asked by parvathyshinju21, 6 months ago

'the gain indian people had from the introduction of railways during the british rule were outweighed by the huge economic loss ' Do you agree to this statement ? then comment

Answers

Answered by blossom35
52

Answer:

Some argue that railways led to the flooding of the Indian market with foreign machine-made goods at prices lower than local weavers charged. This forced many to crowd into the agricultural sector..

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Answered by VISHNU0078
39

Answer:

The Railways affected the structure of the Indian economy in two important ways:

Explanation:

1. It enabled people to undertake long distance travel and thereby break geographical and cultural barriers.

2. It fostered commercialization of Indian agriculture which adversely affected the self-sufficiency of the village economies in India.

3.  The volume of India’s exports undoubtedly expanded but its benefits rarely accrued to the Indian people. The social benefits, which the Indian people gained owing to the introduction of the railways, were thus outweighed by the country’s huge economic loss.

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