What was the impact of industrialisation in britain on the indian economy. Explain?
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(i) With industrialisation, the British cotton manufacturers began to expand and industrialists pressurised the government to restrict the cotton imports, and protect the local industries. Tariffs were imposed on doth imports into Britain. Consequently, the inflow of fine Indian cotton began to decline.
(ii) From the early nineteenth century. British manufacturers also began to search the overseas markets for their cloth.
(iii) The British machine-made textile products started giving a tough competition to the Indian textile industry at home.
So there was a decline in the share of cotton textiles from some 30 per cent around 1800 to 15 per cent by 1815. By the 1870s, this proportion had dropped to below 3 percent.
(ii) From the early nineteenth century. British manufacturers also began to search the overseas markets for their cloth.
(iii) The British machine-made textile products started giving a tough competition to the Indian textile industry at home.
So there was a decline in the share of cotton textiles from some 30 per cent around 1800 to 15 per cent by 1815. By the 1870s, this proportion had dropped to below 3 percent.
Answered by
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(i) With industrialisation, the British cotton manufacturers began to expand and industrialists pressurised the government to restrict the cotton imports, and protect the local industries. Tariffs were imposed on doth imports into Britain. Consequently, the inflow of fine Indian cotton began to decline.
(ii) From the early nineteenth century. British manufacturers also began to search the overseas markets for their cloth.
(iii) The British machine-made textile products started giving a tough competition to the Indian textile industry at home.
So there was a decline in the share of cotton textiles from some 30 per cent around 1800 to 15 per cent by 1815. By the 1870s, this proportion had dropped to below 3 percent.
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Industrial Revolution in Britain had a significant impact on Indian economy. Exports of textiles from India came down as Europeans took over trade by getting concession and trade monopoly from Indian rulers. Colonial power expanded and led to the growth of cities like Bombay and Calcutta. Initially the existing traders and brokers were eliminated from the supply chain to control prices after the drying up of credit for traders. Direct contact was established with weavers and they were now prevented from working for other buyers. Credit was extended to the weavers along with higher demand for cloth. Clashes began to take place with agents due to delays in supply. The situation was further compounded by the development of textile mills in Manchester which completely destroyed the livelihood of Indian weavers. From being an exporter, India went to being an importer of textiles as weavers could not even get a supply of raw cotton. Production was oriented from yarn to cloth-piece production.
Later, wealthy Indians invested in industries in India by setting up factories and mills in various sectors. They were handicapped by British policies of subsidy to goods imported from Britain. They were also restricted from trading in manufactured goods and limited mostly to trading in raw materials.
Another impact was the employment of workers in factories and mills and concentration of population in Calcutta and Bombay. The rest of the country was dominated by small scale industries and handicraft production. While some weavers who wove fine cloth prospered, most others survived in harsh living conditions.
(ii) From the early nineteenth century. British manufacturers also began to search the overseas markets for their cloth.
(iii) The British machine-made textile products started giving a tough competition to the Indian textile industry at home.
So there was a decline in the share of cotton textiles from some 30 per cent around 1800 to 15 per cent by 1815. By the 1870s, this proportion had dropped to below 3 percent.
--------------------------OR---------------------------
Industrial Revolution in Britain had a significant impact on Indian economy. Exports of textiles from India came down as Europeans took over trade by getting concession and trade monopoly from Indian rulers. Colonial power expanded and led to the growth of cities like Bombay and Calcutta. Initially the existing traders and brokers were eliminated from the supply chain to control prices after the drying up of credit for traders. Direct contact was established with weavers and they were now prevented from working for other buyers. Credit was extended to the weavers along with higher demand for cloth. Clashes began to take place with agents due to delays in supply. The situation was further compounded by the development of textile mills in Manchester which completely destroyed the livelihood of Indian weavers. From being an exporter, India went to being an importer of textiles as weavers could not even get a supply of raw cotton. Production was oriented from yarn to cloth-piece production.
Later, wealthy Indians invested in industries in India by setting up factories and mills in various sectors. They were handicapped by British policies of subsidy to goods imported from Britain. They were also restricted from trading in manufactured goods and limited mostly to trading in raw materials.
Another impact was the employment of workers in factories and mills and concentration of population in Calcutta and Bombay. The rest of the country was dominated by small scale industries and handicraft production. While some weavers who wove fine cloth prospered, most others survived in harsh living conditions.
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