How did the Industrial Revolution in England affect Indian economy?

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asked Feb 7, 2018 in History by Golu (37,045 points) 19 144 413

How did the Industrial Revolution in England affect Indian economy?

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answered Feb 7, 2018 by faiz (82,347 points) 6 6 11
selected Feb 7, 2018 by Golu
 
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Effects of Industrial Revolution in England on Indian Economy :
(i) Before the Industrial Revolution, India was a major producer of cotton and indigo, spices but after the revolution, it suffered a setback.

(ii) Industrial Revolution enabled England to produce more and more goods at cheaper rates. So they chose India as a vast market.
(iii) The Industrial Revolution threw the Indian artisans and handicrafts out of jobs.
(iv) Heavy duties were imposed on Indian goods.

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