Question

What has been the impact of railways on Indian Economy?​

Answer 1

Explanation:

Railways were the most important infrastructure development in India from 1850 to 1947. In terms of the economy, railways played a major role in integrating markets and increasing trade. In terms of politics, railways shaped the finances of the colonial government and the Princely States.

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Answer 2

Answer:

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Railways were the most important infrastructure development in India from 1850 to 1947. In terms of the economy, railways played a major role in integrating markets and increasing trade. ... We argue that guarantees weakened incentives to lower costs, but they also encouraged rapid railway development.

Explanation:

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