Friday, December 21, 2007

Industrial growth in India

Industrial Growth in India between the late 19th century & 20th century;

1) The early cotton mills produced coarse yarn rather than fabric beacuse they wanted to avoid competition with Manchestor goods in Indian market.

2) When swadeshi movement gathered momentum,
a)people boycotted foreign cloth.
b)Industrial groups were united & organized themselves.
c)They put pressure on Govt. to impose high tariff on imported goods so that they become costlier & their demand falls.
d)They pressurized Govt. to grant more concessions.
e)As a result the export of indian yarn to China declined.
3) Therefore cotton goods production in India doubled between 1900 & 1912

4) Industrial growth was slow till the first world war but during the first world war it increased manifold.

1 comment:

preeti said...

Industries started in India after the Independence in 1947. Now Indian Industry growing very fast. And also they plays major role in Indian GDP.

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