Despite the royal charter, the British got competition in India. Investigate the reason. History class 8
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A Royal Charter is an instrument of incorporation, granted by The Queen, which confers independent legal personality on an organisation and defines its objectives, constitution and powers to govern its own affairs.
Agricultural India was to be made an economic colony of industrial England. The Government of India now followed a policy of free trade or unrestricted entry of British goods. Indian handicrafts were exposed to the fierce and unequal competition of the machine-made products of Britain and faced extinction.
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