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State with reason whether you agree or disagree with the following statement: During British rule, indigenous handicrafts suffered a severe blow. - Economics

MCQ
True or False

State with reason whether you agree or disagree with the following statement:

During British rule, indigenous handicrafts suffered a severe blow.

Options

  • Agree

  • Disagree

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Solution

I agree with the above statement.

Reason:

  1. Before 1947, the pattern of India's foreign trade was typically colonial.
  2. India used to supply raw materials to industrialized nations, particularly England.
  3. India was also an importer of the manufactured goods at that time.
  4. This dependence on foreign trade did not permit industrialization at home.
  5. Hence, the indigenous handicrafts suffered a severe blow.
Concept: Foreign Trade of India
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 10 Foreign Trade of India
Exercise | Q 5. (1) | Page 98
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