India could not develop a sound industrial base under the colonial rule. During the second half of the nineteenth century, modern industry began to take root in India but its progress remained very slow. Identify the incorrect statement in this context.
India could not develop a sound industrial base under the colonial rule. During the second half of the nineteenth century, modern industry began to take root in India but its progress remained very slow. Identify the incorrect statement in this context.
Solution
✅ Correct Option: 4
India's export surplus under colonial rule did not bring gold or silver into the country; it was used to pay for Britain's administrative and war expenses, resulting in a drain of Indian wealth. Hence option 4 is incorrect. The absence of a capital goods industry, limited public sector operations, and generation of a large export surplus are all correct features of the colonial economy.
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