Question

the Indian handicrafts and industries diminished during 1857 why​

Answer 1

Answer:

Ruin of Indian handicrafts industry and artisans:

This was mainly due to the competition posed by the machine made goods that were imported from Britain. The ability of mass production of goods helped Britain to flood the Indian markets with cheap products especially cotton textiles.

Answer 2

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.

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