Question

12. What is meant by one-way free trade? How did the British restrict the import of
Indian goods into Britain?​

Answer 1

Answer:

Trade. "It was stated in evidence (in 1813) that the cotton and silk goods of India, up to this period, could be sold for a profit in the British market at a price from 50 to 60 per cent. lower than those fabricated in England. It consequently became necessary to protect the latter by duties of 70 or 80 per cent.