The Industrial Development Of India

Perhaps England’s largest investment in the India was their vast railroad system, employing over 1.6 million workers; the most in the world. (Dr Lalvani) This is true but britain’s policies such as: the prohibiting of farmers to grow any crop that isn’t a cash crop or the policy to tax Indian weavers so heavily that it drove them out of business. (Document 3) This forced millions of people out of weaving jobs and farmers into bankruptcy because no one wanted their cash crops. This caused 58 million deaths because these workers couldn’t afford food (Document 6). 58 million deaths heavily out ways 1.6 million jobs. Another claim Dr Lalvani makes is is that both nations benefited from trade. However, the amount of hand woven goods being exported to england dropped to 2,200 in 1790 to zero in 1890. (Document 4) This number began falling during the industrial revolution after British imperialism, meaning the number of British goods being exported skyrocketed, replacing the Indian made goods. This out millions of people out of jobs, causing the economy to suffer while English men became

Economically, their situation was no better. Britain brought lots of money into India but it didn’t necessarily go to the Indians themselves. They created a new railway that was the largest employer in the world, meanwhile bringing down the textile industry (Lalvani). The Indian textile industry was so successful the British felt threatened by it and shut it down by raising taxes on raw materials and selling their own goods for cheaper (Doc 4). This put hundreds of people into poverty which soon lead to more

India has a highly dynamic and entrepreneurial business environment (Ford, 2011). The freedom of democracy in India supports the country’s private enterprise greatly. India’s characteristics of sovereignty could very well succeed China’s Communist led, authoritarian growth model (Schuman, 2012).

As the British took control of India, it found ways to make India better and with its help, soon enough, India was placed as the second best economy under the British economy (British 12). India’s economy and trade had improved tremendously after the British took over because there was more money coming into India to cause such a rise in its economy. The British also built railroads which created more ease when transporting goods and trading throughout India. The railroads allowed supplies and goods to be exported quickly, bringing it to the ports. Goods that would usually take months to be traded with others now only took a few days with the installment of railroads (Fisher 348). The railroads in India impacted everyone not just the merchants and businessmen in India. But, it was especially beneficial for them because now they could make deals and have goods be transported to them without a long wait. Nevertheless it seem to be that with these new installments India could run smoothly but eventually a problem came along the way. The British did not allow Indians to make their own goods, they banned homemade crafts and since most of India was out of work, the Indians turned to the fields. Work was hard and there were certain goods they needed like clothes so they had to buy it from the British since they could no longer make it themselves from the cotton they collected. Craftsmen became farmers to pay for goods and live a stable life (Bose 53). The British had wanted to get rid of the competition for goods so they decided they want to prevent the Indians from making their own goods. That way if the Indians needed something they can only get it from the British (Bose 53). This led to economic downfall for the Indians because while they were not doing great before the British came, their economy was pretty

The British imperializing India sent India into a state of poverty. “The British had made India more helpless… politically and economically” (Gandhi). This is the voice of Gandhi, an Indian man, stating how the British made India “helpless”. One reason why India’s economy broke, is because the British ruined their cottage industry. “Before the British advent, India spun and wove in her millions of cottages… This cottage industry, so vital for India’s existence, has been ruined by the British. Little do the town dwellers know how the semi-starved masses of India are slowly sinking to lifelessness” (Gandhi). The quote explains that the one things going for India was their cottage

The British rule in India can be summarised in two facts which are “India’s per capita income went stagnant from 1757 to 1947” and “the life expectancy of Indians fell by 20 percent” (Davis, 2000). This shows that the British rule in India was not one in which India flourished but it deteriorated. The British brought about changes in all spheres of life. There brought about many social, cultural and economic changes however, this paper will only focus on the economic aspect of colonialism. The British tried to commercialise Indian agriculture and therefore, promoted cash crop farming. They forced farmers to move away from traditional and subsistence based farming and practice cash crop farming. This shift caused many farmers to suffer as they did not get much share in the profit even though the demand for cash crops like cotton and wheat was very high. The farmers fell into poverty and lived in terrible conditions whereas, the middle

For approximately 200 years, Great Britain had ruled over the Indian subcontinent. After Robert Clive’s forces won the Battle of Plassey, the East India Company had gained some power in 1757 (Ray). Before the period of British rule known as the Raj, India’s economy had been stable for some centuries. The Company had soon taken advantage of the strong framework in place, monopolizing industry and taking political control as well. India’s already large and growing population provided cheap labor for a subsistence economy installed within the nation that did not encourage industrial development. Because everything could be imported so cheaply from India without duty, India’s existing industries had no protection from British competition

Also, British sold some of the India products to another country without giving India any profit. For example, British sold some India material to China without giving money to India. That lead to destroying India economy and India cannot support themselves because British control trade and businesses (Acharya,

Articles authored by Liam Brunt and Carlos, Key and Durpee showed how investment vehicles allowed capital to be moved to their most effective locations. By sharing risk, they promoted innovation and allowed for small ideas (the copper steam engine) to be turned into huge inventions. Currently, this is the same thing that is happening in India. According to the Economic Times, “The last three years have seen a significant expansion of the venture capital industry in India, as nearly a dozen funds raised billions of dollars to invest in local startups” (Gooptu). Money is pouring into Indian companies at a rapid rate which will allow the risk of these small companies to be shared among many investors, just like it was in the London coffee houses that laid the framework for the Industrial

Britain’s self-glorifying empire building was a great hindrance on the Indian economy. Britain employed the “Mother Country'; system in Indian. This is where the raw materials of the colony (i.e. India) are harvested and shipped to the Mother country (i.e. Britain.) The raw

Targets of production were more or less reached in the case of cotton textiles, sugar, vegetable oils, cement, paper, soda ash, caustic soda, rayon, electrical transformers, bicycles, sewing machines and petroleum refining.

The colonization of India and the immense transfer of wealth that moved from the latter to Britain were vital to the success of the British Empire. In fact, the Viceroy of British India in 1894 called India “the pivot of our Empire …” I examine the effects of the Industrial Revolution on the subcontinent. Besides highlighting the fact that without cheap labor and raw materials from India, the modernization of Britain during this era would have been highly unlikely, I will show how colonial policy led to the privation and death of millions of natives. I conclude that while India undoubtedly benefited from British colonial rule, the negatives for the subject population far outweighed the positives.

During the 16th and 17th centuries,it was a bad time. During the sixteenth century England was being called a backward country. But on the other hand, India was the richest countries on earth. They had a estimated $33,750 million. Later, in 1500 CE, it was $60,500 million. During 1700 CE, it grew even higher to $90,750 million. They we very high wealth because India was one of the major trading nations. To show how big it was it also has a monopoly on textiles and spices. Because the growth rates of both the countries show the vast gap between their economic growths. The hostile financial policies of the British like ruthless taxation, discouraging Indian industries like textile and ship building, trade restrictions, etc. significantly contributed to the downfall of the Indian economy. Such was the loot conducted by the British for most of their period in India. This, however, does not capture the exact picture of the sufferings of the then people. We can only imagine the poor conditions of the people for generations after

In its broadest sense, industry is any work that is undertaken for economic gain and that promotes employment. The word may be applied to a wide range of activities, from farming to manufacturing and tourism. It encompasses production at any scale, from the local—sometimes known as cottage industry—to the multinational or transnational.

Political: India was initially a closed economy there was numerous restriction and laws imposed on foreign companies in order to carry out business there, the reason because British also came as traders and then occupied whole India, making them slaves for more than a century. Also there was also an opposition to FDIs, they shut down the wal Mart, as the time pass the government realized that they have slowed