[very_short_answer] What was the common source of capital that many early Indian industrialists used to set u…

Question

[very_short_answer] What was the common source of capital that many early Indian industrialists used to set up their industries?

Accepted Answer

## Model Answer Many early Indian industrialists accumulated their initial capital through **trade with China** — exporting opium and importing tea — before investing in industrial enterprises. *Source: The Early Entrepreneurs, Chapter 4* ## Explanation The passage explicitly states that Dwarkanath Tagore, Tata, Seth Hukumchand, and G.D. Birla's family all traded with China before turning to industry. This is the single most important common source the examiner expects. One crisp line is sufficient for 1 mark.

Social Science (087) — AI-generated practice question