1.

How did Indian entrepreneurs accumulate capital for investment?

Answer»

As the businessmen in India were gaining momentum, they accumulated money by the means of exporting things to China and also exporting raw cotton material to England.

The Company employed many Indians as junior players in this trade. Having earned some wealth businessmen had vision of developing industries in India.
In Bombay, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata accumulated initial wealth partly from exports to China and partly from raw cotton shipments to England. Capital was also accumulated through other trade networks.



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