Question

why the iron and steel industry decline in India​

Answer 1

Answer:

Indian iron smelting companies decline in the 19th century because of the following reasons: 1. one reason was the new forest laws.when the colonial govn. prevented people from entering the reserved forests,the iron smelters could not find wood for charcoal and could not get iron ore.

Answer 2

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Iron and Steel industry is declining in India because --

• Cheap Imports.
• Raw Material Troubles.
• Changing Government Policies.
• Low Capacity Utilization.
• Inferior Product Quality.
• Power Problems.
• Lack of Capital.
• High Interest Cost.
• Short−term View of a Steelmaker.
• Outdated Technologies.