Consequences of India’s entry into the world market

Factor Effects
positive negative
Displacement of Indian fabrics by English Market reorientation The ruin of Indian artisan weavers. The decline of cities famous for the production of fabrics
The departure of the ruined artisans to the villages The opportunity to become tenants and establish your own economy. Forced adaptability of closed rural communities to new conditions The transformation of the unemployed into landless laborers. High mortality from hunger. The destruction of the traditional way of life. Usury Growth
Construction of the Suez Canal Reducing the cost of delivery and export of goods. Accessibility of penetration into remote areas of the country The disappearance of handicraft production in villages, ruin of artisans. The export is not of products, but of raw materials (cotton, indigo, jute, tea, wheat). The death of the local population from hunger due to the export of all grain reserves
Construction of railways and highways. Telegraph
Construction of large port cities    
Construction of new irrigation canals. The emergence of new crops Increasing agricultural yields and expanding arable land Extermination of forests for plantations of new crops – tea and coffee. Violation of ecological balance (landslides, soil erosion, floods)
Construction of factories and plants with Indian capital An attempt to create a domestic industry. Development of modern factory production England’s obstruction of India’s industrialization

Output. The factory industry in England has undermined the traditional economy of Indian society. Millions of people lost their jobs and could not feed their families. England prevented the development of the Indian factory pro duction.

 

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