India under the British Rule

  The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial transition of India Decline of Handicrafts While India was an exporter of Handicrafts before the … Read more

Drainage System of India

Drainage: Flow of water through well-defined channels. Network of such channels is called a drainage system . Drainage basin: An area drained by a river and its tributaries. Watershed: Boundary line separating one drainage basin from other. River basins are larger watersheds. Drainage pattern of an area depends on the geological time period, nature and … Read more

Role of Commercial Banks

Role of Commercial Banks A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more