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What were the prequalities of indudtrial …

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What were the prequalities of indudtrial gtowth in the first half of 20th century?
  • 1 answers

Yogita Ingle 7 years, 3 months ago

a. ​The India cotton industry and textiles , including silk  centuries had  for centuries made India's name a byword in the World . Merchants from Central Asia through land and sea routes established a vast network of export trade .This trade network also involved bankers, merchants in giving finances/advances to weavers, in supplying goods to exporters.
b. In India,   new trading centres however came up  under the control of European Colonial powers. For instance, with the advent of European companies in India, new trading centres of Bengal, Bombay rose to prominence. European agencies traded in tea, coffee, indigo etc.
c. Follwed by the setting up of factories and expansion of production in the colonies.
d. For instance, how the first cotton mill was established in India in 1854, followed by jute mill in Bengal.
e. Indian entrepreneurs played a very important role in setting up of Indian industries as they linked the British trade with China, Many Indians like Dwarkanath Tagore​,Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata​ became important players in this trade by providing finances and procuring, shipping supplies.

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