Question

Dutch and British people came to India in search of trade. How did their arrival benefit the economy.

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Answer 1

Answer:

The arrival of Dutch and British traders in India had a significant impact on the economy. They brought new trade opportunities and technologies, which helped to stimulate economic growth and development.

One of the most significant contributions of the Dutch and British was their establishment of trading posts and factories in India. This helped to facilitate the exchange of goods and services between India and Europe, which had a positive impact on the economy. The British East India Company, for example, played a crucial role in expanding the trade of Indian goods like textiles, spices, and tea, among others.

The Dutch and British traders also introduced new technologies and techniques that helped to improve productivity and efficiency. For example, they introduced the use of machines in the textile industry, which helped to increase production and lower costs. This led to a significant expansion of the textile industry, which became a major source of income for many people in India.

Moreover, the arrival of the Dutch and British traders led to the emergence of a new class of Indian merchants and traders, who played an active role in the trade between India and Europe. They also helped to create new markets and opportunities for Indian products, which helped to boost the economy.

Overall, the arrival of Dutch and British traders in India had a significant positive impact on the Indian economy. Their trade and technological innovations helped to stimulate economic growth and development, and created new opportunities for the people of India

Explanation:

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