According to some early Indian Nationalist investment, foreign capital in India was the biggest hindrance to the country’s industrial development. Do you agree with the statement? Give reasons to support your argument.

After the venture of foreign capital in India, the British began sending Indian raw materials or items to outside nations at their own particular rate, according to their convenience.

1. As a result, Indian agriculturists turned out to be poor, and after a while, this turned into the state of Indian business.

2. The concept of a hindrance to native industrial development is up to an extent valid.

3. Foreign investment develops a country in terms of its monetary aspects.

4. It also improves the international relations of countries in trade.

Hence, we can say that the above statement has its own range of pros and cons.