Reason for British not introducing capital industry in India

Introduction:
The Indian economy was primarily an agrarian economy during the British rule. In this context, the question arises why the British did not introduce capital industry in India.

Reason:
The British did not introduce capital industry in India for the following reasons:

1. Raw Material Supplier:
India was a major supplier of raw materials to British industries. The British wanted to maintain their monopoly over Indian raw materials and did not want Indian industries to compete with them. Thus, they discouraged the development of Indian industries.

2. Cheap Labour:
The British also wanted to utilize the cheap labour available in India for their industries in Britain. Therefore, they discouraged the development of industries in India that could have employed the Indian workforce.

3. Protectionism:
The British followed a policy of protectionism to protect their own industries. They imposed high tariffs on Indian goods, which made it difficult for Indian industries to compete with British industries. This policy further discouraged the development of Indian industries.

4. Drain of Wealth:
The British also drained the wealth of India to finance their own industries. They collected heavy taxes from India and used the money to finance their own industries. This led to the neglect of Indian industries.

Conclusion:
Thus, the British did not introduce capital industry in India because they wanted to maintain their monopoly over Indian raw materials, utilize the cheap labour available in India, follow a policy of protectionism, and drain the wealth of India to finance their own industries.