Explain the state of Industries in India on the eve of Independence.
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State of industries in India on the eve of independence:
- The role of the public sector in development of industries was restricted to the railways, power generation, communications, ports and some other departmental undertakings. There was no growth of industrial base in India.
- Before the advent of British in India, the traditional handicraft industries enjoyed a worldwide reputation for their quality and standard of craftsmanship. But the colonial government caused its intentional and planned decline and did not allow any corresponding industrial base to come up.
- Some modern industries were set up in areas of cotton textiles, iron and steel, sugar, paper, cement etc. but the profits were used for debt payments of the British in their home country rather than using them for further development of Indian industries.
- There were hardly any capital goods industries to promote further industrialisation, since the British had no interest in the development of Indian economy. A few manufacturing units set up were no substitute of the complete displacement of the local industries.
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