How did the assumption of Diwani benefit the East India Company?
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Explanation:
The Diwani allowed the Company to use the vast revenue resources of Bengal. After the assumption of Diwani, gold was not imported from Britain and revenues from India were enough to finance Company expenses.
Answered by
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Answer:
After the assumption of the Diwani, East India Company was benefited in several ways as mentioned below:
(i) It allowed the Company to use the vast revenue resources of Bengal.
(ii) Now, trade was fully controlled by the East India Company.
(iii) Company used the revenues from India to finance its expenses like purchasing cotton and silk textiles in India, maintain Company troops, and meet the cost of building the Company fort and offices at Calcutta.
(iv) Revenue of Bengal was used to finance exports of Indian goods.
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