12 Questions
What impact did India's dependence on foreign trade have on industrialization at home?
India's dependence on foreign trade did not permit industrialization at home, leading to a severe blow to indigenous handicrafts.
Explain India's foreign trade pattern before 1947.
India's foreign trade before 1947 was colonial, with India supplying raw materials to industrialized nations and importing manufactured goods, particularly from England.
How did underdeveloped countries view foreign trade after gaining independence post World War II?
Many underdeveloped countries viewed foreign trade as an investment after gaining independence in the post-World War II period.
What was India's role in foreign trade before 1947?
Supplier of raw materials to industrialized nations
What impact did India's dependence on foreign trade have on industrialization at home?
It did not permit industrialization at home
How did many underdeveloped countries view foreign trade after gaining independence post World War II?
As an investment
What impact did India's dependence on foreign trade have on industrialization at home?
It did not permit industrialization at home
What was India's role in foreign trade before 1947?
Supplier of raw materials to industrialized nations
How did many underdeveloped countries view foreign trade after gaining independence post World War II?
As an investment
What was India's role in foreign trade before 1947?
Supplier of raw materials to industrialized nations
What impact did India's dependence on foreign trade have on industrialization at home before 1947?
It did not permit industrialization at home
How did many underdeveloped countries view foreign trade after gaining independence post World War II?
As an investment
Study Notes
India's Foreign Trade and Industrialization before 1947
- India's dependence on foreign trade hindered industrialization at home, as the country relied heavily on imports and failed to develop its own industries.
India's Role in Foreign Trade before 1947
- India was a major exporter of primary products like cotton, jute, and tea, and a significant importer of manufactured goods like textiles and machinery.
Impact of Dependence on Foreign Trade on Industrialization
- The lack of import substitution and protectionist policies led to a stagnant industrial sector, hindering the growth of Indian industries.
Underdeveloped Countries' View of Foreign Trade after Independence
- Many underdeveloped countries, including India, viewed foreign trade with suspicion, seeing it as a tool of colonial exploitation and a threat to their sovereignty.
Note: The text has several repetitive questions, but I've summarized the key points in the above format.
Test your knowledge of India's pre-1947 foreign trade patterns and their impact on industrialization and indigenous handicrafts in this insightful quiz. Explore the colonial trade dynamics and their influence on India's economy, and learn about the challenges faced by underdeveloped countries after gaining independence.
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