Poging GOUD - Vrij

The truth behind tech revolutions

Business Standard

|

June 02, 2025

It may be time to rewrite history

- AJIT BALAKRISHNAN

The truth behind tech revolutions

One of the enduring mysteries in my life has been trying to understand why the Industrial Revolution, which started in England in the mid-18th century and introduced spinning and weaving machines, did not first happen in India. After all, India was producing most of the world's cotton thread and cloth at that time. Whenever I ask this, I get the answer: "Indian labour costs were so low that nobody needed to invent machines to spin or weave."

The term "Industrial Revolution" was popularised by the English economic historian Arnold Toynbee in an 1882 lecture at Oxford University to describe how the use of spinning and weaving machines transformed England—they brought about a shift from the "domestic system" of production, where work was done in homes or small workshops, to the new "factory system", driven by machinery and organised for mass production. He used the word "revolution" because he saw the changes being as profound, rapid, and disruptive to society as a significant political revolution. In other words, he stated that it was not just the use of machines but rather a fundamental restructuring of the economy, society, and human relationships that qualified to be a "revolution".

I wish I had been there in the audience to stand up and say: "Great marketing of Britain, Mr Toynbee!"

And before you wonder why I am so rebellious, dear reader, here are some facts.

MEER VERHALEN VAN Business Standard

Business Standard

THE COMPASS Diversified infra players better bet amid weak road order inflows

Activity in the roads sector has been slow and road awards were subdued due to the policy decision to halt awards under the Bharatmala programme.

time to read

3 mins

January 10, 2026

Business Standard

Lenovo to design, build, and export Al servers from India

Global technology major Lenovo is planning to transform India into a key export hub for its infrastructure business, with plans to design and manufacture artificial intelligence (AI) servers in the country for global markets, a top company executive has said.

time to read

1 min

January 10, 2026

Business Standard

Suspend PM E-DRIVE truck-scrapping rule fora yr: Auto industry

The automobile industry in India has asked the Ministry of Heavy Industries (MHI) to suspend for one year the rule governing financial incentives for buying an electric truck (e-truck) under the PM E-DRIVE scheme, Business Standard has learnt.

time to read

2 mins

January 10, 2026

Business Standard

Business Standard

Netflix's India decade: From 'HBO moment' to a hunt for mass reach

More than 16 million subscribers, about 50 million viewers and close to%4,000 crore in revenues.

time to read

3 mins

January 10, 2026

Business Standard

'FY27 Budget should focus on consumption demand, boosting income'

Budget 2026-27 must focus on improving consumption demand and give a legup to micro, small and medium enterprises (MSMEs), especially to tide over global uncertainties, Nirmal K Minda, Assocham president and executive chairman of UNO Minda, tells Ruchika Chitravanshi in an interview in New Delhi.

time to read

2 mins

January 10, 2026

Business Standard

Working well with Venezuela: Trump cancels 2nd attack

US Prez set to outline plan for Venezuelan oil

time to read

2 mins

January 10, 2026

Business Standard

Business Standard

Air as an electoral issue

Cyclones in Odisha, landslides in Uttarakhand, floods in Assam, pollution in Delhi.

time to read

3 mins

January 10, 2026

Business Standard

Darjeeling tea output may have hit a new low in 2025

The famed Darjeeling tea may have slipt to a new production low in 2025, as changing weather patterns, a shortage of pluckers and mounting economic stress weigh on the region’s gardens.

time to read

2 mins

January 10, 2026

Business Standard

Oil & gas industry expects GST relief, LPG under-recovery compensation

‘The oil and gas industry expects the upcoming Union Budget to address compensation for underrecoveries on the sale of cooking gas cylinders and provide goods and services tax (GST) relief for exploration activities, say experts.

time to read

1 min

January 10, 2026

Business Standard

Competition may weigh on power equipment firms

Their stocks fell for a second day amid reports about possible removal of curbs on China companies bidding for govt contracts

time to read

2 mins

January 10, 2026

Listen

Translate

Share

-
+

Change font size