write a short note on the industrial sector of india during the colonial rule
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Are you aware of the fact that Britishers should be thankful to us for their Industrial revolution? Notably, this industrial sector revolution was given birth by de-centralizing the long-standing cloth production industry of pre-colonial India. Indians were forced to import British goods, which eventually gave support to their industries.
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During the colonial rule, the development of industries was at a slow pace.
- The British de-industrialization's primary motive was dual. They never authorised modernization, nor have they encouraged the growth of industries.
- Britishers typically intended to develop India a net exporter of raw materials to British factories and to trade goods on the Indian market at a higher cost.
- There was barely an industry for capital goods for sustaining the sluggish industrial growth occurring in India.
- Further, Britishers never intended to set up these industries as they required people to be dependent on them for the supply of capital and heavy goods.
- Discriminatory tariff policies had also been pursued.
- The policies lead to the exempted sale of Indian raw substances, importation of finished goods from Britain and imposition of hefty duty and tariffs on Indian handicrafts exports.
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