Industrial Backwardness of India: 5 Reasons

The following points highlight the five main reasons for the industrial backwardness of India. The reasons are: 1. Social and Religious Institutions 2. Shortage of Capital 3. Scarcity and Shyness of Entrepreneurs 4. Scarcity of Labour 5. The British Imperial System. Reasons for the Industrial Backwardness of India Social and Religious Institutions Shortage of Capital Scarcity and Shyness of Entrepreneurs [...]