What were the most favorable conditions for industrialization?

The most favorable conditions for industrialization were as follows:

• Natural resources: For the development of any industry, the availability of natural resources is must. It must be in abundance.
• Capital: Sufficient capital is also necessary for the development of industries. Without the availability of capital, the development of industries is not possible.
• Raw materials: Availability of raw-materials is also needed for the industrialisation. It must be in plenty. The raw materials include cotton, jute, sugarcane, etc.
• Sources of energy: There must be sufficient sources of energy like electricity, oil or coal etc.
• Markets: There must be potential markets for the consumers. If there is potential market, more finished goods will be consumed. And the economy will grow.
• Transportation facilities: There must be efficient transportation facility. Roads, railway lines, shipping facilities etc. play a major role in the development of country.
• Cheap labour: For the growth of any industry a number of labourers must be available at reasonable price.
• Suitable climate: For the growth of any industry, suitable climate is must. If the climate is not suitable, production will also be affected. Worker’s health will also deteriorate. If their health is ill, there will be shortfall in production.
• Govt’s policy: The policy of govt, is also one of the factors in the growth of industry. If the govt is stable, it will have positive results on the industry. The industry will grow at fast pace.