Which of the following factors can be attributed to be the reasons for hampering growth deindustrial...........

Modern Indian History Developments

Which of the following factors can be attributed to be the reasons for hampering growth/ deindustrialization of Indian economy under British?

1. Decline in demand from ruling class

2. Changed nature of demand from new educated classes.

3. Organizational weakness of Indian handicraft industry.

Select the correct answer using the codes given below:

Only 1

1 and 2

2 and 3

All of above

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Explanation:

India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19th century it had lost all of its export market and much of its domestic market. Other local industries also suffered some decline, and India underwent secular de-industrialization as a consequence. While India produced about 25 percent of world industrial output in 1750, this figure fell to only 2 percent by 1900.
Western ideas also influenced the ruling elite classes and attracted the educated middle class towards west imports because of which Indian industries became less competitive among cheaper imports.