What features marked the industrial growth in india?
Answers
There were majority of consumer goods industries vis-à-vis producer goods/capital goods industries resulting in lopsided industrial development. The ratio of consumer goods industries to producer good/capital goods industry was 62:38 during the early 1950s. The Industrial sector was extremely underdeveloped with very weak infrastructure. The lack of government support to the industrial sector was considered as an important cause of underdevelopment. The structure and concentration of ownership of the industries were in few hands. Technical and Managerial skills were in short supply.
Answer:
1 European Managing Agencies, which dominated industrial production in India, were interested only in tea and coffee plantations.
2 They acquired land from the colonial government; and invested in mining, indigo and jute.
3 These were products were exported.
4Since yarn was not imported into India, the early cotton mills in India produced coarse cotton yarn rather than cloth.
5 The yarn produced in Indian spinning mills was used by handloom weavers in India or exported to China.
6 With the Swadeshi movement, industrialisation developed a lot as they boycotted the foreign goods.
7 When India started its own production, it avoided the competition with the Manchester.
8 In those days, India mainly supplied the needs of war.
9 India produced large quantities of goods to supply in Britain.
10 Indian businessmen who set up factories did not try to compete with imported goods which were available in the Indian market.
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