Question

Write down the two effects of the decline of the indigenous handicraft industries?

Solution

These are two effects as under:

1. Decline of the indigenous handicrafts created the unemployment in India.

2. It created a new demand in the Indian consumers' market which was now deprived of the supply of the local made goods. This demand was profitably met by the increasing import of cheap manufactured goods from Britain.

Some More Questions From Indian Economy on The Eve of Independence Chapter

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Indian Economy On The Eve Of Independence

Write down the two effects of the decline of the indigenous handicraft industries?

Some More Questions From Indian Economy on The Eve of Independence Chapter

What is life expectancy?

What was the state of secondary sector of the Indian economy on the eve of independence?

What was the state of tertiary sector of the Indian economy on the eve of independence?

What was two fold motive behind systematic de-industrialisation effected by British in pre-independence India?

When did India achieve independence?

What was the purpose of the British colonial rule in India?

What type of Indian economy was at the time when Britishers came to India?

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What was the main cause of stagnation in the agricultural sector during the British rule?

Name some notable economists who estimated India’s per capita income during the colonial period.

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