GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Competition from man-made machines
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New pattern of demand
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British tariff policy
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all of these
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Detailed explanation-1: -Indian handicrafts that had made the country famous collapsed under the colonial rule. This was mainly due to the competition posed by the machine-made goods that were imported from Britain by the British rulers. The British had Indians produce the raw materials for the production of British goods.
Detailed explanation-2: -1.The decay of handicraft industries: The traditional handicraft industries in India were flourishing and were known worldwide. However, with the British arriving in India, they stopped the practice of using hand crafted exports by placing tariffs on them.
Detailed explanation-3: -As a result, Indian markets were full of British final goods that were priced low. It led to the gradual decline of handicrafts, both in the domestic and export markets.