Choose the given statement as true/false:

Only 5% of the industrial labor force worked in registered businesses in 1911.

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Detailed Solution

The given statement is true.
The surprising aspect is that huge industries made up only a tiny portion of the economy, even though we can observe how industries shifted their production patterns, which led to their expansion. Therefore, Bengal and Bombay were home to around 67 per cent of the world's large industries in 1911. Small-scale production continues to rule the remainder of the nation. In registered factories, a very small number of industrial workers were employed. It was 5 per cent in 1911 and 10 per cent in 1931. The remaining individuals were either used by modest workshops or dwellings tucked away in alleyways and alleys.

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