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Foreign Trade of India — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsForeign Trade of India4 Marks
Question
During British nile, indigenous handicrafts suffered a severe blow.
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Answer

Yes, I do agree with this statement.
  • During the British rule India was exporting raw materials to England and was importing final goods from England.
  • Indian handicraft was unable to face competition with imported goods from England.
  • An imported goods were cheaper as compared to handicraft goods.
  • The demand for machine made cheap commodity had raised in Indian market.
  • That’s why Indian handicraft industries suffered during the British rule.

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