What was the impact of the Industrial revolution of england on indian industries ....???????
Answers
The industrial Revolution led to the flooding of foreign goods in the Indian market at a cheaper price than that of indian weavers. due to the industrial revolution the indian weavers were forced to leave their profession and shift to some other jobs like farming or working in the factories.
Industrial revolution in England affected India's economy after the East India Company established political power. It asserted a monopoly right to trade. It proceeded to develop a system of management and control that would eliminate competition, control costs, and ensure regular supplies of cotton and silk goods. The industrial and economic developments of the Industrial Revolution brought significant social changes. Industrialization resulted in an increase in population and the phenomenon of urbanization, as a growing number of people moved to urban centres in search of employment.