Question
Download Solution PDFThe British industrial policy in India has been rightly called as the policy of
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is De-industrialisation.
Key Points
- Britishers followed free trade policy in India.
- They exported raw materials from India and imported finished goods to India.
- This resulted in huge competition which local traders could not meet.
- The demand for Indian Handicrafts also fell drastically as European goods were cheaper.
- This resulted in drain of Indian Wealth - huge export surplus due to huge export volume.
Additional Information
- Primary items exported during colonial rule were as follows
- Raw silk
- Sugar
- Jute
- Indigo
Last updated on Jun 2, 2025
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