Question

How Indian iron and steel industry was suffering due to British policy​

Answer 1

Answer:

Effect on Indian industry

. It made it possible to produce goods on a massive scale compared to handicraft and hand loom industries. The industrialists driven by greed for money soon ran out of raw material and market to sell their finished goods in.

The British Government showed a marked antipathy and neglect towards Indian industries. The British Government in India followed the policy of free trade. It resulted in the demise of India's world fame cottage and small scale industries as these could not stand in the competition of British industries

Explanation:

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Answer 2

Answer:

1)When the colonial government prevented people from entering the reserved forests, the iron smelters could not find wood for charcoal to light the furnace. Ironsmiths in India began using the imported iron to manufacture utensils and implements. This lowered the demand for iron produced by local iron smelters.

2) By the late 19th century iron and steel were being imported from Britain. Ironsmiths in India began using the imported iron to manufacture utensils and implements. This inevitably lowered the demand for iron produced by local smelters. All these reasons caused the decline of the Indian iron smelting industry