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Indian Economy - Understanding the basics of Indian economic system
The oldest industry in India was industry.
Textile
Steel
Electrical
Fertilizers
Textile was the oldest industry in India. The highly specialised skills of Indian weavers and the low production cost gave a tough competition to the European manufactures. It led to the invention of cottongin, flying shuttle, spinning jenny and steam engine in England, which made the production of textiles on large scale.
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