GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lack of raw materials
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Lack of Skilled workers
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Discriminatory tariff policy
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None of the above
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Detailed explanation-1: -Under discriminatory tariff policy, there was no duty on the export of goods from India and import of British finished goods to India. But heavy duty was placed on the export of handicrafts. So Indian handicrafts stalled looking both domestic and export market. It led to the decay of Indian handicrafts.
Detailed explanation-2: -1) Discriminatory Tariff Policy: The British Government allowed tariff free export of raw materials from India and tariff free import of British industrial products into India. But a heavy duty on the export of Indian handicrafts products. It leads to decay of handicrafts industry in India.
Detailed explanation-3: -Discriminatory tariff policy against Indian products and destruction of traditional handicrafts resulted into deindustrialization which resulted in unemployment. The craftsmen were destroyed by the influx of the British manufactured goods.