During the late Nineteenth Century, while the modern industrial sector in India was dominated by British capital (especially in industries like jute, mining, and plantations), the cotton textile industry was the most significant sector where Indian entrepreneurs established mills and played a major role. Indian capitalists like the Wadias in Bombay pioneered modern textile mills from the mid-19th century, and by the late century, the industry had grown substantially under Indian ownership, competing with imports from Lancashire.
The only major industry in the hands of Indian capitalists during the late Nineteenth Century was:
Asked in OPSC CS Prelims 2019 · PPSC CS Prelims 2015 · Topic: Economic Impact of British Rule on India (Limited Growth of Modern Industries under British Patronage)
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