Question

How did britain used its trade surplus?(from chapter :- The making of a Global World. CLASS10)

Answer 1

(i) In 19th century British manufactures flooded Indian markets.
(ii) The value of British exports to India was much higher than the value of British imports from India.
(iii) Britain thus had a tradeturplus with India. Britain used this surplus to balance its trade deficits with other countries, that is with countries from which Britain was importing more than it was selling to.