Write a short note on the industrial sector of India during the colonial rule
( pls answer the question at 11 th grade level )
Answers
Explanation:
On setting foot in India, the Britishers were looking to cripple out the blooming industrial phase. With this in mind, they eyed the aforesaid industries. In effect, they chalked out a plan to decentralize these flourishing industries. This de-centralization served two purposes.
Firstly, Indian export volume was made dominant with raw materials directed to Britain. Effectively, from a prominent exporter of manufactured handicraft items, India was reduced to a mere exporter of raw materials. Secondly, this ensured that there was a low level of local supply to meet Indian demands for finished goods. Hence, India was forced to turn towards British to meet its demands.
During the colonial rule, the development of industries was at a slow pace and did not witness much growth.
- The British de-industrialization's primary motive was dual. They never authorized modernization, nor did they encourage industrial growth.
- 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.