Brief information about THE DECLINE OF INDIAN INDURTRY
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The Decline of the Textile Market inIndia. Cotton industries developed in England and they did not want textiles to be imported from other countries like India. Import duties were imposed on Indian textiles that entered England. Indian textile exports declined from 33 % to 3% in the mid 1880s.
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The beginning of the nineteenth century was the beginning of a long decline of textile exports from India.
•In 1811-1812, 33% of goods were exported by India but by 1850s, it was no more than 3 percent.
•As cotton industries developed in England, industrial groups began worrying about imports from other countries.
•In order to prevent competition from outside world, they started imposing import duties on cotton textiles.
•Thus only Manchester goods were allowed to be sold there.
Due to these reasons, by the end of the eighteenth century, there was no export of cotton goods from India.
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