16-11-2012, 11:35 AM
INDUSTRIAL REVOLUTION IN INDIA
INDUSTRIAL REVOLUTION IN INDIA.doc (Size: 85.5 KB / Downloads: 28)
INTRODUCTION
Industrial Revolution, term usually applied to the social and economic changes that mark the transition from a stable agricultural and commercial society to a modern industrial society relying on complex machinery rather than tools. It is used historically to refer primarily to he Industrial Revolution was a period from 1750 to 1850 where changes in agriculture, manufacturing, mining, transportation, and technology had a profound effect on the social, economic and cultural conditions of the times. It began in the United Kingdom, then subsequently spread throughout Western Europe, North America, Japan, India and eventually the rest of the world.
HISTORY
The Industrial Revolution marks a major turning point in history; almost every aspect of daily life was influenced in some way. Starting at the historic year 1750, the Great Britain stood as a serious competitor with imperialist giants at that time, like the Portugal, France and Dutch Republic. A century later, Britain was unrivalled when it came to the revolutions of machinery. They spent their treasuries for funding research during their conquest in India. The East Indian companies established strict laws with regards to the development of business. It went to the extent of relationship needed to procure right output from the Indians. A major point to be noted is that, though British wanted to see an industrial revolution in India, their ultimate aim was the urbanization of Britain's economy. It did not support the Indian sectarian development and half of the nation was reeling under the brink of persecution and poverty.The demand growth was heightened wherein the imports were plunged down and this phenomenon chained Indians. It made them participate in race of industrial revolution though they were unwilling.India at that time did not enter into the macabre race of industrial revolution. It did not have time to concern itself with the theologies of business like globalization, urbanization and privatization. The stink of heavy hand on development of goods by the British did not leave the Indians even after freedom. They had very strict rules with regard to the private sector and this in turn deepened the economic loss already incurred by Indians due to the British.
India's Role in the Industrial Revolution
The acceleration in the economic independence during the Post era was fuelled by the Power of Industrial Revolution. The multi dimensional growth both in the spread and divergence of agriculture combined with the potent force of industrialization, the nation's economy saw a rise from its humble beginning.
The inventions of newer technologies simplified living standards with the wave of entrepreneurs who made their presence felt in the rise of the Indian Economy. They claimed the honorable position of watchdogs of Indian economy and the government was only too pleased to see their offspring sharing the burden of running the economy. It supported this rising generation by providing support for setting up of small scale industries.
The government strived harder than ever to facilitate the process of industrialization. Besides that, the Indian Government started setting up facilities and storehouses for raw materials that were not so easily available by importing them.Thus India provided all the three ingredients of Britain's Industrial Revolution: capital, raw materials and market.It is not a coincidence that the Industrial Revolution began less than 20 years after the British conquest of east India. Nor is it a coincidence that the engine of Britain's Industrial Revolution was its textile industry. Before the Industrial Revolution, India was the world's number one textile manufacturer and exporter. When you have conquered a country, what better industry to enter and dominate, than the industry dominated by the country you now rule – and whose economy you now control?
DEVELOPMENT DUE TO INDUSTRIAL REVOLUTION IN INDIA
Revolution was its textile industry.Before the Industrial Revolution, India was the
world's number one textile manufacturer and exporter. When you have conquered a country,what better industry to enter and dominate,than the industry dominated by the country you now rule – and whose economy you now control Subsequently of course, Britain conquered the whole of India, thus giving it more capital, more raw materials and a larger market – which helped to accelerate its Industrial Revolution.Needless to say, India's economy wasdevastated in this process.Thus the Industrial Revolution was built on the grave of the Indian economy. The Industrialevolution was made in Britain, but it wasfunded by India (against her will).The Industrial Revolution gave birth to theIndustrial Age, or the Modern Age . Thus, thoughthe Modern Age was inaugurated in Britain, the real driving force behind it was India.That was the role of India in the Industrial Revolution (and consequently, the birth of theModern Age).