Q. 65.0( 2 Votes )
During British rule, why was it easier for European companies rather than Indian companies to set up industries? Give a few reasons.
The Indian industry had to suffer a lot at the hands of the British rule. This made it difficult to set up industries. The Europeans, on the other hand, were completely opposite to India in this regard. This was because of the following reasons:
1. A large number of factories, banks and ships were under the command of the Europeans.
2. The Europeans had easier access to all the types of officers and authorities of the British government.
3. Most of the foreign trade was under their control. This eliminated the issue of shortage of funds.
All of these factors made it easier for them to set up an industry in India. The Indian industrialists, on the other hand, did not have any such access. So, they faced a disadvantage in this regard.
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