There was no independent development of large-scale modern industries in India during the British rule. What was the primary reason for this?

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History · Modern Indian History

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Paucity of domestic capital and preference for investments in land

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Answer 1

Paucity of domestic capital and preference for investments in land

Answer 2

Complete absence of skilled native technical labor

Answer 3

Reluctance of Indian capitalists to invest in manufacturing

Answer 4

Absence of major iron ore and coal deposits

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