Which factors contributed to industrialization in India?

      

Which factors contributed to industrialization in India?

  

Answers


Eric
1. Through colonization and colonisers industrialisation was brought in India.
2. There was good transport and communication like railway and roads.
3. There were cottage industries like weaving of cotton to make cloths.
4. Indian had raw materials like coal, iron0ore and manganese.
5. The 1st independent government of prime minister Pandit Nehm, embarked on policies to modernise the economy and expand established factories.
6. The independent government formulated five-year plan to boost her industries like agriculture sector.
7. Indians adopted a unique foreign policy on industrialisation.
8. India’s large population has been a great asset for the supply of labour and the provision of ready market for industrial products.
9. India developed her coal resources for the supply of fuel to locomotives and industries in support of her industrial establishment.
10. Dual state private investment where Indian government has success fully used as duel approach to industrialise.
11. Indian industries enjoy a large domestic market with foreign market within the third world.
12. There was good entrepreneurship with good investment largely in India and a good number of the business or commercial acumen has penetrated third world cities.

ericmunguti answered the question on September 21, 2018 at 05:43


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