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Indian Economy — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsIndian Economy2 Marks
Question
'Indian industries were destroyed during British rule'. - Explain.
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Answer

  • India's share in world's industry was much higher before British period.
  • But during British I rule the discriminating policy of Britishers which avoid the benefits of India.
  • They made policy in such a way that only England was benefited.
  • The imports to Britain were levied by high custom duty and exports from Britain were not taxed.
  • the discriminating tariff policy destroyed India's industries.
  • Indian traders paid custom duty on the same commodity more than one time.
  • E.g. the custom duty levied on clothes imported from Britain was $2.5\%$ whereas the excise duty on Indian clothes was $15\%.$
  • This kind of discriminating policy destroyed the clothing industry of India.
  • It also affected the domestic trade of India.
  • To sell the salt of British, they levied tax on salt which produced by Indians.
  • These kind of actions destroyed industrial sector of India.

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