TRADE BOOM IN INDIA.
* INDUSTRIAL UNREST, ECONOMIC READJUSTMENT ~ NECESSARY, . "0y Telegraph—Pres* Association—Copyright ' “The Times" Service, January 15, 8.55 a.m.) BOMBAY, January 12. The cotton workers’ strike is symp- < tomatio of the urgency of economic re- [ adjustment throughout India. The cost of food lias increased' 102 per cent compared with pre-war prices while mill ' wages have only gono up 50 per cent. Profiteering and land speculating aggravate the situation, aud the life of the middle class peoples has become dcs-pe-ately hard. Nationalists may possibly foment unrest, but in this they could nob succeed if genuine grievances did nob exist. Millowners while favouring it are anxious to postpone the introduction of a ten-hour day with a view of tho need of meeting the ah- ' normal pressure of orders. The present is the greatest trade boom siijco the sixties, tho profits of some mills being 400 per cent. There is an dented demand for imported goods, to which Americans are largely contributing, t
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Star (Christchurch), Issue 19846, 15 January 1920, Page 5
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160TRADE BOOM IN INDIA. Star (Christchurch), Issue 19846, 15 January 1920, Page 5
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