Explain any three restriction imposed by the european companies over the indian merchants in 19 centurt
Answers
) As colonial control over trade tightened, the space within which Indian merchants could function became increasingly limited.
(ii) They were barred from trading with Europe in manufactured goods.
(iii) They had to export mostly raw materials and good grains-raw cotton, opium, wheat and Indigo- required by the British. They were also gradually edged out of shipping business.
Restrictions imposed by british government upon indian merchants are given below :
(1). The space within which Indian merchants could function, became limited.
(2). They had to export mostly raw materials and food grains, raw cotton, opium, wheat and indigo required by the British.
(3). Till the first world war, European Managing Agencines controlled a large sector of indian industries.
(4). They were barred from trading with European in manufactured goods.