Question

How did the british Commercial policies
benefitted only them and were a deal
loss for the Indian Industrialists ?
Give your opinion
please explain in long way ​

Answer 1

Answer:

British ers buyed goods in low cost in India they use to sell at high price in their European countries

Explanation:

1. Commercial Policy:

From 1600 to 1757 the East India Company’s role in India was that of a trading corporation which brought goods or precious metals into India and exchanged them for Indian goods like textiles and spices, which it sold abroad. Its profits came primarily from the sale of Indian goods abroad.

Naturally, it tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufacturers and thus encouraged their production.

Answer 2

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The three most important economic policies during the british rule in India were the

(1) land revenue policy,

(2) commercial policy and

(3) the drain of wealth policy.

When the East India Company came to India they primarily sold the Indian goods abroad in order to collect all of the revenue.

It was always trying to opne up new markets where they could sell Indian goods......☺