Explain six factors that promoted Industrial Revolution in India.
Answer:
- Existence of mineral resources which were used as raw materials to establish
industries.
- Existence of cottage industries/industrial based laid to trade for industrial
development as people acquired relevant skills.
- Provision of technical/scientific education emphasized by the government produced
Skilled labour required in the industries.
- Good transport communication system made transportation of goods /services easier /cheaper
thereby encouraging investment.
-The provision of credit facilities/loans to local investors facilities expulsion of investors (internal loans).
- The development emphasized industrialization thereby giving to the sector.
- The availability of various resources of energy required enabled establishment of
more industries.
- Political stability in the country gave people confidence to invest in
industries.
- Availability of market for industries goods provided by large population encouraged
more people to venture in industrialization.
- Availability of external market trade.
- It’s large population that provided unskilled labour required in the industries/'
- The availability of funds/loans provided by foreign government enabled the country to set up industries.
- Provision of technical /scientific education emphasized by government enabled the county to set up
industries.