Assertion: During the colonial times, there were hardly any capital goods industry to help promote further industrialisation in India.
Reasoning: The establishment manufacturing units such as Iron and Steel, Coton and Jute Textiles etc provided a substitute to the country’s traditional handicraft industries to a greater extent.
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: Assertion (A) is true but Reasoning (R) is not correct.
Assertion: During the colonial times, there were hardly any capital goods industry to help promote further industrialisation in India. This is true.
Reasoning: The establishment manufacturing units such as Iron and Steel, Coton and Jute Textiles etc provided a substitute to the country’s traditional handicraft industries to a greater extent. This is false. The establishment of a few manufacturing units here and there was no substitute to the near wholesale displacement of the country’s traditional handicraft industries.
"There was hardly any capital goods industry to help promote further industrialisation in India during colonial period. Capital goods industry means industries which can produce machine tools which are, in turn, used for producing articles for current consumption. The establishment of a few manufacturing units here and there was no substitute to the near wholesale displacement of the country’s traditional handicraft industries."