GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following industry was adversely affected by partition:
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Silk
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Jute
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Cotton
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Nylon
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Explanation:
Detailed explanation-1: -The Textile and Jute industries were adversely affected during the partition of India.
Detailed explanation-2: -Due to lack of storage facility it leads to uneven supply of raw material, which causes erratic price fluctuations and this discourages jute farmers. Due to this, Indian jute products manufacturers are not able to compete in world market as well as they are not able to fulfil the domestic demand.
Detailed explanation-3: -World market rivalry:-India’s jute industry is facing stiff competition from countries such as Bangladesh, Thailand, Brazil, Egypt, etc., which sell very cheap jute products. Competition from substitutes:-Jute products have been replaced by products made from synthetic fibres.
There is 1 question to complete.