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Mention the consequences of the decline of Indian industries. OR Write the consequences of de-industrialisation in India. |
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Answer» Consequences of decline of Indian industries : Significant changes took place in the direction of trade in India. India used to export finished goods to foreign countries, but in the view of the Britishers, the only country which had the capacity to fulfill the demand of raw material due to the industrial revolution of England, was India. Along with this, large markets were present in India to absorb the goods manufactured in England. Due to this, import of finished goods and export of raw material both increased. |
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