Question

why was the development otrial sector considered essential for India's development ?Give any two reasons.​

Answer 1

Answer:

Indian Industry had a global presence before the advent of Britishers in India. Before the advent of British in India, India accounted for a quarter of World’s Industrial output.

The exports from India consisted of manufacturers goods like cotton, silk, artistic ware, silk and woollen cloth.

The impact of British Policies and the Industrial Revolution led to the decay of Indian handicraft industry. Post-Industrial revolution in Britain, machine-made goods starting flooding into the Indian markets.

The decline of traditional handicraft was not followed by the rise of modern Industrialisation in India due to the British policy of encouraging the imports of British made goods and exports of raw materials from India.

The First Phase (1950-1965): Industrial Sector at the Time of Independence

The main features of the Indian Industrial sector on the eve of the Independence were:

There were majority of consumer goods industries vis-à-vis producer goods/capital goods industries resulting in lopsided industrial development. The ratio of consumer goods industries to producer good/capital goods industry was 62:38 during the early 1950s.

The Industrial sector was extremely underdeveloped with very weak infrastructure.

The lack of government support to the industrial sector was considered as an important cause of underdevelopment.

The structure and concentration of ownership of the industries were in few hands.

Technical and Managerial skills were in short supply.

Explanation:

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