Define the term trade sulprus . how was the income received from trade sulpurus with india used by British
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A trade surplus is an economic measure of a positive balance of trade , where a country's exports exceed its imports. A trade surplus represents a net inflow of domestic currency.
India played a crucial role in the late- nineteenth century world economy. (v) Britain's trade surplus in India also helped to pay the so-called 'home charges' that included private remittances home by British officials and traders, interest payments on India's external debt, and pensions of British officials in India.
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