Answers

2016-03-10T22:41:49+05:30

In the urban areas social classes comprise principally (i) capitalists (commercial and industrial), (ii) corporate sector (iii) professional classes, (iv) petty traders and shopkeepers and (v) working classes 

Commercial and Industrial Classes Under the British rule, production in India became production for market. As a result of this, internal market expanded and the class of traders engaged in internal trading grew. Simultaneously, India was also linked up with the world market. This led to the growth of a class of merchants engaged in exportimport business. Thus, there came into being a commercial middle class in the country. With the establishment of railways, the accumulation of savings on the part of this rich commercial middle class took the form of capital to be invested in other large-scale manufactured goods and modern industries. 


0