History · Colonial Economy
UGC NET June 2014 History
The only major industry in the hands of Indian capitalists during the late nineteenth century was:
ACotton textile ✓ Correct
BJute
CIron and steel
DNone of the above
Correct answer: (A) Cotton textile — The only major industry in Indian hands was cotton textile, so the answer is cotton textile.
Explanation
★The only major industry in Indian hands was cotton textile, so the answer is cotton textile.
★Indian capital built the cotton mills, mainly in western India.
★Cities like Bombay and Ahmedabad became great centres of the trade.
★The jute industry, by contrast, was largely in British hands in Bengal.
★Iron and steel came up later, with the Tata works in the next century.
★So cotton textile was the chief field of early Indian enterprise.
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