Following were the reasons for the industrial development remaining stagnant during the British period :
1. Indian artisans were destroyed.
2. Indian workers were exploited and were made servants.
3. Import duty was applied on Indian products, while the export of Indian goods was reduced.
4. The British imposed “Free Trade Policy” in India forcibly, while imposing a protectionist policy in England, due to which India suffered a huge loss.
5. The shipping industry was also neglected by the Britishers.
6. Consumer goods industries were established in the country, while there was lack of capital goods industries.
