'The railways affected the structure of the Indian economy positively, as well as negatively.' Discuss.
Download our app for free and get startedPlay store
The railways affected the structure of the Indian economy positively in the following ways:
  1. It enabled people to undertake long distance travel and thereby break geographical and cultural barriers.
  2. It fostered commercialisation of Indian agriculture as agricultural produce could be sent to distant places. Farmers started viewing agriculture as a business rather than a way of subsistence.
  3. Railways enabled the government to supply foodgrains fastly to famine affected areas.
The railways affected the Indian economy negatively in the following ways:
  1. It enabled the goods from British factories to be transported to various parts of the country, thereby expanding their market.
  2. It facilitated the transport of raw materials to the port cities and ensured their easy exportability.
  3. Commercialisation of agriculture affected the self-sufficiency of the rural areas.
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    Explain any four positive contributions made by Britishers in India.
    View Solution
  • 2
    How was the zamindari system of land settlement responsible for the stagnation of Indian agriculture?
    View Solution
  • 3
    Explain the state of Industries in India on the eve of Independence.
    View Solution
  • 4
    Explain four main causes of India's agricultural stagnation during colonial period.
    View Solution
  • 5
    Read the passage given below and answer the following questions from 1 to 4. Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs. 30,200 crore since the meeting where the government showcased recent reforms as against Rs. 21,826 crore in the whole of October. In November so far, FPIs have invested Rs. 32,777 crore in domestic stocks, driving the Sensex and Nifty to record highs recently. "Lot of investors appreciated the reforms undertaken in agriculture and labour markets and appreciated the opportunities India offered" said a government official. Modi told the fund managers in the interaction that he is open to any feedback the investors may have according to the official. Modi's pitch to global investors comes amidst loose monetary policy followed by global Central Banks that has led to a chunk of that liquidity entering emerging market. Source: Economic Times, Nov. 17, 2020
    1. Reforms undertaken in agriculture and ......... markets have promoted foreign investments.
    1. labour
    2. industry
    3. manager
    4. None of these
    1. Inflow of liquidity in emerging market is due to $\boxtimes\boxtimes\boxtimes\ \boxtimes$ monetary policy.
    1. strict
    2. loose
    3. simple
    4. None of the above
    1. Financial sector includes:
    1. investment banks
    2. stock exchange operations
    3. foreign exchange market
    4. All of the above
    1. Foreign institutional investors are..........?
    1. merchant bankers
    2. mutual funds
    3. pension funds
    4. All of the above
     
    View Solution
  • 6
    Due to its quality, Indian indigo was in great demand in Britain. In 1810, almost 95% of the indigo imported into Britain was from India. Indigo production became a very profitable business and many Britishers became indigo planters. They advanced loans to peasants at high rate and forced them to cultivate indigo in 25% of their land. They paid a low price for the indigo. As the indigo plant had deep roots, it exhausted the soil fertility and the land was unfit for rice cultivation. Do you think that the above practices of the British were justified?
    View Solution
  • 7
    How did the construction of railways affect the structure of the Indian economy?
    View Solution
  • 8
    What do you understand by the drain of Indian wealth during the colonial period?
    View Solution
  • 9
    1. State any one positive contribution made by the British in India.
    2. Indicate the volume and direction of foreign trade of India at the time of Independence.
    View Solution
  • 10
    What was the impact of development and construction of railways by the British rulers on Indian economy?
    View Solution