Analyse the pre colonial and colonial Foreign Trade in India.
Answers
Answer:
India in the pre-colonial period had a stable economy. ... The main items exported from India were cotton textiles. Besides cotton textiles which were famous all over the world, India also exported raw silk indigo opium rice, wheat, sugar, pepper and other spices precious stones and drugs1.
Explanation:
Before the colonial period, India was a big player in the foreign trade. Having established itself well on the world map, pre-colonial India was blooming with opportunities. At the beginning of 19th century, the share of India in the world economy was around 20% which was steadily increasing. By the time British left India the share was reduced to around 4%. Thus the colonial rule paralyzed the foreign trade also by a large proportion.
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