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In India, railways was introduced by Britishers in 1850.It2 affected the structure of the Indian economy in many ways:
(i) It enabled people to undertake long distance travel and thereby break geographical and cultural barriers.
(ii) It fostered commercialisation on Indian agriculture which adversely affected the self¬sufficiency in the village economies of India.
In India, railways was introduced by Britishers in 1850.It1 affected the structure of the Indian economy in many ways:
(i) It enabled people to undertake long distance travel and thereby break geographical and cultural barriers.
(ii) It fostered commercialisation on Indian agriculture which adversely affected the self¬sufficiency in the village economies of India
As we know for any economy trades are really vital.Smooth flow of trade enables high growth in economy & smooth flow of trade can only be possible with respective efficiency in aids to trade like transportation,insurance etc.
Construction of Railways provided a great option for removal of hindrance of place,now goods can be transported from one place to another easily by the rail since railways were fast enough to transport but also it was cost effective, which helped in cost reduction of the final goods to be supplied to the consumer,so railways helped in the pace of trade which eventually helped in the pace of growth economy but also helped the consumers to enjoy distant quality goods in less price with smoother supply.
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