How was the growth of Indian Capitalist class different from their counterparts in other colon...........

Modern Indian History 1857-1885

How was the growth of Indian Capitalist class different from their counterparts in other colonial countries

1. The Indian Capitalist class grew with largely as junior partners of foreign capitalist

2. The Indian capitalist class was tied not up in a subservient position with pro-imperialist feudal interest either economically or politically

3. The Indian capitalist class insisted upon import substitution, by edging out or encroaching upon areas of European domination and developing exclusive control over new areas

4. The growth of the Indian capitalist class was a by product of colonialism.

Select the correct answer using the codes given below:

1, 2 and 3

2 and 3

1, 3 and 4

1, 2 and 4

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Explanation:

Only 2nd and 3rd statements are correct:
1.In India capitalist class grew from about mid 19th century as an independent capital base and not as junior partners of foreign capital.

4. The Indian capitalist were not a product of colonialism as they had no affection towards imperialism and were completely in support of the nationalist cause. They clearly understood that the economic and social interests of the country