Write a short note on the Industrial Sector
of India during colonial rule
Answers
Answer:
Write a short note on the Industrial Sector
of India during colonial rule
Explanation:
Write a short note on the Industrial Sector
of India during colonial rule
Answer:
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. 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.
Explanation: