Economy, asked by sarthakmishra57, 7 months ago

Though the colonial rule in India led to wide spread exploitation and backwardness of the Indian economy the British did make some positive contributions as well. In the light of the above statement explain why India is indebted to the British for the introduction of railways.​

Answers

Answered by hargunchandna24
1

Answer:

The primary motive of the colonial government of systematically de

industrialising India was two-fold.

(a) The intention was to reduce India to the status of a mere exporter

of important raw materials for the upcoming modern industries in

Britain.

(b) To turn India into a sprawling market for the finished products of

their industries so that their continued expansion could be ensured

to the maximum advantage of their home country Britain.

The impact of these policies were

(a) Decline of handicraft industry. Indian market were full of

manufactured goods from Britain which were priced low. Indian

handicrafts could not face competition and thus the demand of

handicrafts declined.

(b) Massive unemployment. Millions of craftsmen became unemployed

due to decline in demand of handicrafts.

(c) Low standard of living. The per capita income of indians was one

of the lowest in the world indicating that the average indian was

extremely poor and could not afford even the basic necessities of

life. The extent of poverty can be known by the fact that three million

people died during Bengal famine of 1943.

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