Which one among the following statements about industries in colonial India is not correct?
The jute industry was almost entirely owned by Europeans
The cotton textile industry was almost wholly owned by Indians
The cotton textile industry was small in size
The growth of cotton industry was the result of government support
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CAPF – 2013
– The cotton textile industry, based mainly in Western India (Bombay, Ahmedabad), was predominantly owned and managed by Indian businessmen.
– The cotton industry grew significantly from the late 19th century onwards, becoming one of the largest modern industries in India. It was by no means “small in size” relative to the overall industrial landscape of colonial India.
– The colonial government’s policies, such as imposing excise duties on Indian textiles while allowing free entry for British goods, were generally not supportive of indigenous industries competing with British manufacturers.