Nelaturu Sreekanth ReddyAIR 151 · CSE 2024 · 175 wordsTheir whole copy
Opening
The seeds of industrial class were laid down during the colonial era which has undergone significant changes over time.
Body · points and prose
Evolution of Industrial class in India
(1) Pre-British Era: No/Low industrial production due to subsistence agricultural practices. Production process used to happen at homes with very little surplus.
(2) During British Era: Industrial revolution of West led to technological improvement and production in India as well.
The elite class invested their capital into industries and created a new working class called middle class.
(3) Post-Independence era: → Role of state became prominent in supporting industrial sector through tax concessions. → According to Satish Deshpande, kinship self-requirements became a major phenomenon in industrial class. [Ex: Tata's, Ambani's] → Few caste groups like Brahmins and Baniyas dominated in industrial sector. → Creation of new institutions such as FICCI, ASSOCHAM helped in lobbying. → According to Morris D. Morris people lacked bargaining power due to high availability of labour.
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India's sudden jump from Industrial sector to service sector led to pre-mature development of industrial class in the evolution process.