The Problem of the Rupee, Its Origin and Its SolutionAmbedkar, B. R. (Bhimrao Ramji)
History
The Problem of the Rupee, Its Origin and Its Solution
Ambedkar, B. R. (Bhimrao Ramji)
Currency question -- India
TABLE XVIII
_Development of Jute Industry and Trade_
────────────────────────────────────────────────────────────────────────
Average Annual of each Quinquennium.
───────────────────────────────────────────────────────
Growth of Trade. 1870–71 1875–76 1880–81 1885–86 1890–91
to to to to to
1874–75. 1879–80. 1884–85. 1889–90. 1894–95.
────────────────────────────────────────────────────────────────────────
Exports—
────────────────────────────────────────────────────────────────────────
Raw, million 5·72 5·58 7·81 9·31 10·54
cwt.
────────────────────────────────────────────────────────────────────────
Gunny bags, 6·44 35·96 60·32 79·98 120·74
millions.
────────────────────────────────────────────────────────────────────────
Cloth, million — 4·71 6·44 19·79 54·20
yds.
────────────────────────────────────────────────────────────────────────
_Growth of Industry_.
────────────────────────────────────────────────────────────────────────
Number of —
────────────────────────────────────────────────────────────────────────
Mills — 21 21 24 26
────────────────────────────────────────────────────────────────────────
Looms, 000 — 5·5 5·5 7 8·3
omitted
────────────────────────────────────────────────────────────────────────
Spindles, 000 — 88 88 138·4 172·4
omitted
────────────────────────────────────────────────────────────────────────
Persons — 38·8 38·8 52·7 64·3
employed, in
thousands
────────────────────────────────────────────────────────────────────────
This increasing trend towards manufactures was not without its indirect
effects on the course of Indian agriculture. Prior to 1870 the Indian
farmer, it may be said, had no commercial outlook. He cultivated not so
much for profit as for individual self-sufficiency. After 1870 farming
tended to become a business and crops came more and more to be
determined by the course of market prices than by the household needs of
the farmer. [pg 104]
TABLE XIX
_Growth of Agricultural Exports of India_
Public-domain text, read in full here on John Shaqi.
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