What was state of indian industries …

The position of industries at the time of independence was not satisfactory.
Following were the features of Indian industries:

1. The decline of the Handicraft Industry- The Britishers followed the policy of destroying the traditional handicraft industry by allowing free import of manufactured goods from British and restricting export tariffs by playing heavy-duty on Indian handicrafts. Such a decline in the handicraft industry is called deindustrialisation.
2. Lack of Basic Industries- There was a lack of basic industries such as iron and steel, coal and capital goods.
3. Limited Role of the Public Sector- Public sector was confined to railways, power generation, communication, ports, etc.
4. Lack of Incentives- The British government did not provide incentives to Indian entrepreneurs to establish various industries. This resulted in a lack of sound industrial base. There was the downfall of cottage industries.