Write a note on the Indian textiles and the world market. What problems did the Indian
textile industry face in the early years of its development?
Answers
Explanation:
In the early years of its development the Indian textile industry faced several problems: It found it difficult to compete with the cheap textiles imported from Britain. In most countries, governments supported industrialization by imposing heavy duties on imports
Answer:
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Explanation:
In the early years of its development the Indian textile industry faced several problems:
1. It found it difficult to compete with the cheap textiles imported from Britain.
2. In most countries, governments supported industrialisation by imposing heavy duties on imports. This eliminated competition and protected newly born industries. But the colonial government in India refused such protection to local industries.
However, during the First World War when textile imports from Britain declined Indian factories were called upon to produce cloth for military supplies. This boosted up cotton factory production in India.
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