Choose the given statement is true/false:

The problems faced by Indian cotton weavers by the turn of the 19th century were the local market shrunk, an increase in the price of raw cotton, shortage of cotton.

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Detailed Solution

The given statement is True.
The main issue that Indian cotton weavers faced in the nineteenth century were that the Indian cotton weavers' export market for their products failed. Due to a decline in demand, the local market started to shrink. Due to a decline in raw cotton production, prices rose. By the 1850s, reports from the majority of India's weaving regions witnessed scenes of decline and devastation. The amount of cotton felt inadequate overall. India's weavers were forced to pay high costs for raw cotton due to a lack of supplies. Hence weaving could not be profitable in this case. Weavers and other artisans then encountered a new issue by the end of the nineteenth century. India's factories started producing, overflowing the market with manufactured items.

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