Question

Write a short note on growth of cotton mills in India.

Answer 1

Dear Student,

In 1854, the first cotton mill in India was founded as a spinning mill in Bombay. By 1900, Bombay had over 84 mills in use. Many of these were developed by Parsi and Gujarati traders who had inherited their wealth in Trade relations. The expansion of the cotton industry resulted in a labor shortage.

The cotton market in India has a millennia-old past. For about three centuries, from 1500 B.C. to 1500 A.D., India had a global monopoly on the production of cotton textile products. Even during the ancient period, it was a perfect means of trade in the communist society. It was sold to Eastern and European markets throughout the Nineteenth Century.

Regards,