The pecularities of industrial growth
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Age of Industrialisation
The Peculiarities of Industrial Growth
European Managing Agencies were interested in certain kinds of products. They focused on tea and coffee plantations, mining, indigo and jute. These products were mainly required for export and were not meant for sale in India.
The Indian businessmen avoided competing with Manchester goods in the Indian market. For example; they produced coarse cotton yarn which was used by handloom weavers or exported to China.
The Peculiarities of Industrial Growth
European Managing Agencies were interested in certain kinds of products. They focused on tea and coffee plantations, mining, indigo and jute. These products were mainly required for export and were not meant for sale in India.
The Indian businessmen avoided competing with Manchester goods in the Indian market. For example; they produced coarse cotton yarn which was used by handloom weavers or exported to China.
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Answer:1. European Managing agencies were dominating indian market
2. In 1906, India initiated trade with China but chines market was flooded with japanese yawn.
3. WWI created a new economic situation.
4. war products were produced in india. For eg- boots, bag, cloth, tent.
Explanation:
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