Economic Life of India under Colonial Rule 1858-1947: The Textile Industry Name: Course: Presented to: Date Economic Life of India under Colonial Rule 1858-1947: The Textile Industry Introduction Prior to 19th century, the Indian textile industry was well developed and in fact, the Indian manufacturing industry was in a position to effectively compete with similar manufacturing sectors in most industrialized nations…
Download file to see previous pages...
This paper analyses the Indian textile industry, and the consequent de-industrialization of this industry during the colonial period. Deindustrialization of the Indian Textile Industry During Colonial Period Deindustrialization is a theory that depicts a process through which social and economic change takes place, characterized by reduction or removal of industrial capacity in a nation or region, especially in heavy manufacturing industry. The process of deindustrialization signifies the decline of an industry when it remains uncompensated by growth of a modern industry in the same line of production.4 The increasing exploitation of the Indian textile industry by the British in the period explained above was therefore characteristic of this deindustrialisation. The textile industry had for a long time been an important contributor to India’s exports. In fact, archaeological evidence from Mohenjo-Daro shows that dyes were used in India as early as in the second millennium BC1. As noted earlier, the history of India’s prominence in textile industry largely stems from its wealth of natural resources such as cotton, silk and jute crops. A few decades before the colonial period, India had a well developed textile industry, which for many centuries had sold high-quality cotton products on the local market, and throughout the Middle East and large parts of Africa2. The country’s manually operated textile machines were among the best in the world; they were a model for the first production machines in Britain.3 There were large factory towns where skilled labourers could produce so cheaply that the British East India Company, which controlled trade in the region, could purchase from the native industrialists, ship these products to Britain, and sell them at a full 100 percent mark up over their cost.4 Generally, prior to colonial period, the presence of these natural resources and development of manufacturing sector enabled India to enjoy huge surpluses in incomes obtained though textile industry. The prosperous Indian textile industry had increased the local manufacturing sector’s capability of successfully challenging the British manufacturing sector5. After British entry into India in 1858, it reacted to this potential challenge both politically and economically. First, the British textile industries started increasing investments in production equipments, and increased the amount of capital utilized by each worker. They started using more mechanized forms of production in order to increase productivity6. Mechanisation of the textile industry The British textile industries demanded - and were given - protection from imported Indian textiles. To protect local industries further, the British government placed a high tariff on all imported Indian textiles in Britain, thereby pricing them out of market. At the same time, Britain forced home-made textiles out of the Indian market, while accepting the import of raw cotton from India to be used for British production free of any barriers7. In 1860s, American civil war disturbed the supply of cotton to British textile industry, creating a cotton famine and Britain instantly reacted by grabbing cotton in India8. During the same period, new textile technology was imported in India by British traders
...Download file to see next pagesRead More
Cite this document
(“Economic Life of India Under colonial Rule 1858-1947: Textile Industry Term Paper”, n.d.)
Retrieved de https://studentshare.org/history/1445149-economic-life-of-india-under-colonial-rule
(Economic Life of India Under Colonial Rule 1858-1947: Textile Industry Term Paper)
“Economic Life of India Under Colonial Rule 1858-1947: Textile Industry Term Paper”, n.d. https://studentshare.org/history/1445149-economic-life-of-india-under-colonial-rule.
This article will discuss the diplomatic history of Louisiana and this golf south from 1783 to 1821. This paper will also contain details on certain issues, negotiations and treaties concerning Spain, United States, Great Britain and France. There are three main prehistoric periods correlated with the Louisiana state.
Colonial Politics of Germany in 1870-1900 Germany owned four colonies in Africa: German East Africa (Tanzania), Togoland (Togo), Kameruun (Cameroon) and German Southwest Africa (Namibia)1. Germany has never had as many colonies as Britain, it got itself into the race for colonies quite late comparing to Britain or France, and it has never been a great colonial empire.
Thus, relatively few of the numerous movies produced are box-office blockbusters. However, higher quality productions with a concept with mass appeal, a star cast, good budget, screenplay, effects etc. can become a blockbuster if good word of mouth and reviews propel marketing and advertising efforts.
It also recommends the measures to avert the air-borne accidents. It not only emphasized on the accidents which occur during the flights, but also on the accidents which occur during the take-offs or landings of the flights. Safety studies are conducted at the NTSB research center.
This world is indeed not a time capsule. The orders of the past continue into the present and the awareness of the present remoulds and reconfigure the ways of the yore. In that context, in an academic perspective, it will be immensely interesting to have a look into the political continuities and discontinuities in the world between the colonial period and the present.
The country needs to develop a coherent elevation policy to improve its infrastructure quality to enhanced standards that can successfully support growth and economic development. When compared to China, India’s infrastructure is quite poor weakening the country’s economic expansion endeavors.
It exists in systems that that are organized into structures with bodies, organizations, and consumers as key stakeholders. An example of an economy is the economic system of a nation that operates under the nation’s government and its agencies and has organizations for manufacturing and distribution of resources, and consumers as stakeholders.
Prior to colonization, the manually operated machines in India remained the best worldwide and served the demand in Germany and Britain. The textiles were fine and of high quality. Historically, textiles have formed an important component of exports in India.
The problems faced by the country include both economical and human rights abuses. Zimbabwe was also characterized by high rate of unemployment and poverty. All these factors took the country into a very bad economical
This case study gives a detailed description of the policies of the British to exploit the people of the colonies for getting benefits and wealth from them. Different policies which were undertaken by The British Corporation
9 Pages(2250 words)Term Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Term Paper on topic Economic Life of India Under colonial Rule 1858-1947: Textile Industry for FREE!