Industrialization in India: Key Concepts

The video explores the nature of industrialization in India during the inter-war period. It highlights the British reluctance to industrialize India, driven by their own profit motives. The World Wars played a crucial role in setting up industries in India, as Britain needed goods for war efforts. Post World War I, industrial growth patterns evolved, leading to the managing agency system, which addressed the lack of entrepreneurs and capital in India.

What was the primary reason the British were initially against industrializing India?

• They lacked the resources to do so.

• They wanted to focus on agriculture.

• They wanted to preserve Indian culture.

• They found it unprofitable and unnecessary.

How did World War I influence industrialization in India?

• It led to a decrease in demand for Indian goods.

• It resulted in the closure of many Indian industries.

• It caused a shift towards agricultural development.

• It created a need for goods that could be easily transported.

Why did the British eventually allow industrialization in India?

• To meet their own profit needs during wars.

• To reduce unemployment in Britain.

• To improve the living standards in India.

• To compete with American industries.

How did the British view industrialization in India before World War I?

• As a way to strengthen their empire.

• As a method to reduce unemployment.

• As unnecessary and unprofitable.

• As a means to boost the Indian economy.

What was a significant change in British policy towards Indian industrialization after World War I?

• They imposed stricter trade regulations.

• They began to support industrial development.

• They started promoting agricultural exports.

• They withdrew all investments from India.

What was a consequence of the British losing power globally after World War I?

• They increased their control over Indian industries.

• They started losing power from different nations.

• They focused on expanding their empire in Africa.

• They invested heavily in Indian agriculture.

What was one of the main challenges in industrializing India during the inter-war period?

• Excessive government intervention.

• Shortage of skilled entrepreneurs.

• Overabundance of venture capital.

• Lack of natural resources.

What was a major reason for the shortage of industrialists in India?

• Overpopulation in urban areas.

• Absence of venture capital and managerial skills.

• Lack of educational institutions.

• Strict government regulations.

What system emerged to address the industrial growth challenges in India?

• The Joint Stock Company system.

• The Public Sector Undertaking system.

• The Cooperative Society system.

• The Managing Agency system.

What was a key feature of the managing agency system?

• It focused on agricultural development.

• It involved local entrepreneurs managing industries.

• It was based on government subsidies.

• It relied on foreign investments.