explain the economy impact of the company rule in India
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Answer. Before the advant of the European company,India had been a self-sufficient rural economy. Later is was transformed into colonial economy which means suppliers of raw materials to British manufacturers and also market for British manufactured goods
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Economic impact
Economic impactBritish economic policies gave them a monopoly over India's large market and cotton resources. India served as both a significant supplier of raw goods to British manufacturers and a large captive market for British manufactured goods
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