Question

What were the peculiarities of industrial growth in india?

Answer 1

Till the First World War, industrial growth was slow. The war created a dramatically new situation. With British mills busy with war production to meet the needs of the army, Manchester imports into India declined. ... As the war prolonged, Indian factories were called upon to supply war needs.

Answer 2

The India cotton industry and textiles , including silk, had for centuries made India's name a byword in the world. Merchants from Central Asia through land and sea               routes established a vast network of export trade. This trade network also involved             bankers giving finances/advances to weavers and merchants supplying goods to          exporters.

● In India however, new trading centres came up under the control of European Colonial powers. For instance, with the advent of European companies in India,   new trading centres of Bengal, Bombay rose to prominence.  

● This was followed by the setting up of factories and expansion of production in  the colonies. For instance, how the first cotton mill was established in India in              1854, followed by jute mill in Bengal.

● Indian entrepreneurs played a very important role in setting up of Indian industries as they linked the British trade with China, Many Indians like Dwarkanath Tagore, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata became important    players in this trade by providing finances and procuring, shipping supplies.

● This helped them make huge wealth from the trade with China, they were also involved in trade networks in Burma, Africa etc. They later setup huge industrial empires in India.  

● Industrial growth is associated with the rise of working class, who migrated from             villages to cities in search of better job opportunities. This primarily included            peasants and artisans who were affected by colonial policies.