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Describe the contribution of dwarkanath tagore …

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Describe the contribution of dwarkanath tagore and other industrialist in the field of industrial development in 19th century?
  • 1 answers

Yogita Ingle 6 years, 11 months ago

  • In Bengal, Dwarkanath Tagore made his fortune in the China trade before he turned to industrial investment, setting up six joint-stock companies in the 1830s and 1840s.
  • Tagore’s enterprises sank along with those of others in the wider business crises of the 1840s, but later in the 19th century many of the China traders became successful industrialists.
  • Dwarkanath Tagore believed that India would develop through westernisation and industrialisation. He invested in shipping, shipbuilding, mining, banking, plantations and insurance.
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