FICCI

History glossary

Also called: Federation of Indian Chambers of Commerce and Industry · Topic: The National Movement: Gandhian Era · NCERT: Class 10, Ch 2 "Nationalism in India"

Meaning

FICCI (Federation of Indian Chambers of Commerce and Industry) is an organisation of Indian business founded in 1927. Its leaders included Purshottamdas Thakurdas and G.D. Birla. It opposed British control over the Indian economy. It wanted protection against foreign imports and a rupee–sterling exchange rate that would help Indian trade. It shows that Indian business also took part in the national movement.

Example

At first, FICCI members funded and supported the Civil Disobedience Movement of 1930. After the second Round Table Conference failed, they became less keen. They feared that the struggle was turning militant and worried about the spread of socialism.

Don't confuse with

  • Chambers of commerce run by British firms: these protected British business interests. FICCI spoke for Indian capitalists.

Related concepts

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