Question

What were the benefits of development of Railways on the Indian Economy?

Answer 1

Answer:

“It was believed that railways would assist the economic development of India and help the import and distribution of manufactures and the collection and export of raw materials and agricultural produce. The official view was that the “the benefits covered by railways were at all-time great.”

Answer 2

Answer:

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It helped in movement of Indian goods and provided market for Indian producers. It integrated the markets and increased the trade. It facilitated the investment in different industries as now the movement of finished goods became easy. Jute, Cotton, Iron and steel industries were established in times to come.