Chapter : 2. The Age of Industrialisation
Manchester Comes to India
(iii) Manchester Comes to India :
(a) As cotton industries developed in England, industries groups began worrying about imports from other countries. They pressurised the government to impose import duties on cotton textiles so that Manchester goods could sell in Britain without facing any competition from outside.
(b) At the same time industrialists persuaded the East India Company to sell British manufactures in Indian markets as well. Exports of British cotton goods increased dramatically in the early nineteenth century.
(c) At the end of the eighteenth century there had been virtually no import of cotton piece-goods into India. But by 1850 cotton piece-goods constituted over 31 per cent of the value of Indian imports; and by the 1870s this figure was over 50 per cent.
(d) Cotton weavers in India thus faced two problems at the same time : their export market collapsed, and the local market shrank, being glutted with Manchester imports. Produced by machines at lower costs, the imported cotton goods were so cheap that weavers could not easily compete with them. By the 1850s, reports from most weaving regions of India narrates stories of decline and desolation.
(e) By the 1860s, weavers faced a new problem. They could not get sufficient supply of raw cotton of good quality. When the American Civil War broke out and cotton supplies from the US were cut off. Britain turned to India. As raw cotton exports from India increased, the price of raw cotton shot up. Weavers in India were starved of supplies and forced to buy raw cotton at higher prices. In this situation weaving could not pay.
(f) By the end of the nineteenth century, weavers and other crafts people faced yet another problem. Factories in India began production, flooding the market with machine-goods.
Trending Articles & Blogs
Download Old Sample Papers For Class X & XII
Download Practical Solutions of Chemistry and Physics for Class 12 with Solutions