critically appraise some of the shortfalls of the industrial policy pursued by the British colonial administration.
Pleese give atleast 7 points for this answer
1.decline of indian handicraft industry
the britishers followed the policy of deindustrilistion because primary objective was two fold.
- to get raw materials from india at cheap rates andto reduce india to a mere exporter of raw materials
- to sell british manufacturedgoods to these markets at higher prices
in this way they wxploited india by merthod of double exploitation.this resulted in decline of worlds famous handicrafts. the britishers followed a tariff policy which allowed free wxport of raw materials from india to britain and free import of british finished good to india, but placed a heavy duty on exports of indian handicrafts.
in this way indian markets were full of british manf. goods available at low prices.indian handicrafts started loosing both domestic and export market. finally handicraft induastry declined
2.UNBALANCED STRUCTURE OF INDIAN INDUSTRIES
The structureof industries which is a legacy of british rule was completely unbalanced. the british rulers neither permitted nor ommited modernisation of industries nor encouraged heavy industries in india.the period 1850-55 saw the establishment of first cotton mill,first jute m,ill and coalmine.by end of 19th century there were 194 cotton mill and 36 jute mill.
in bengal jute mill were established by british capitalist. TISCO was incorporated in 1907 in jamshedpur, bihar.
3. SHORTAGE OF CAPITAL GOOD INDUSTRY
The britisher only wanted to develop those industries which would never compete with british industries. they always wanted indians to be dependant on britishers for supply of capital goods and heavy equipments, so very few consumer industries developed during britsh rule and most of heavy industries were absent.
4.LIMITED OPERATION OF PUBLIC SECTOR
public sectoer was confined to railways ,power generation, communication ,etc..
5.LOW CONTRIBUTION TO GDP