Question

what was the motive of establishing Tata iron and steel industry in 1907? explain.

Answer 1

Dear student,

Indian economy was badly affected due to deindustrialization policy of the British. British wanted India to be a mere supplier of raw materials and a market for their finished goods. This policy led to decline of Indian handicraft industries. To begin the industrialisation Tata iron and steel industry was established in 1907.


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