Economics

Yes the traditional handicraft industries were ruined under British rule.There were two reasons

1.Industrial revolution in London.

There was industrial revolution in London.Brishers used to get cheap raw material from India.after that they import there machine made goods to India.That goods were cheap and of good quality .so it's demand raised in India.And demand of handicraft goods declined

2.Britishers did not pay attention to improve the conditions handicraft industries  of india because they want to make India a market for goods made in london

As it is known that CPI is the measure of effect of price change, be it inflation or deflation, on the cost and standard of living of a particular class of citizens of a particular region; and it is also known that the standard of living of President of India is very high than those of any other citizen of India as the later gets many Government funded facilities and utilities, hence, CPI for urban non-manual employees cannot represent the cost of living of the President of India.

It is found that due to some factors such as inadequate banking system, cumbersome paperwork, lack of credit worthiness and lack of awareness, a large number of rural households still depend on the informal sources of credit such as moneylenders and landlords.
However, credit from informal sources can sometimes have serious repercussions such as exorbitant rate of interest and high mortgage obligations. In such condition, it is important for the banks and cooperative societies to expand the formal sources of credit. More banks in rural areas should be opened so that credit can be provided for various development activities at reasonable rates without any undue exploitation.

Occupational structure is mainly divided into three categories: viz., primary, secondary and tertiary. The primary occupations include all those essential activities such as agriculture, animal husbandary, forestry, fishery, poultry farming etc. Secondary activities include manufacturing industries composed of both large and small scale and mining. Tertiary activities include all other activities like transport, communication,banking,insurance,trade etc. The occupational structure indicated the distribution as well as absorption of population into these various types.

Now discussing about the present occupational structure in India...In India, the planned economic development anticipated a rapid progress in the expansion of irrigation,power,basic industries and the expansion of tertiary activities in the service sector like expansion of trade,banking,insurance, transportation and communication etc. But after two decades of planning occupational structure in India could not show any remarkable change. Although both secondary and tertiary sector expanded and their absorption capacity also increased. But another important condition that is a significant increase in agricultural productivity could not fulfilled. Again the allied activities of the primary sector and development of village industries could not make much headway in engaging the surplus population from the agricultural sector. All these led to growing pressure of population on agricultural sector and resulted in widespread disguised unemployment in rural as well as urban areas in India. And this scenario made the youth filled with disatifaction and anger.