How did the British Cripple Indian trade?
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They took over the control of Indian handloom industries in the name of modernisation
Similarly they were made to produce muslin and other products which fetch higher price in market. Also most of them were either supplied to England or sold via India to other countries and the money was kept with the queen.
The Britishers also imposed heavy taxes on other products which were equally kf not cash important hence the Indians had no other choice tether than shut down their production.
Rice and Wheat produced in excess along with vegetable crops were replaced by cotton and indigo which provided high yield in Global markets and thus provide more profits to Britishers via looting poor Indians.
Indian spices which had a higher demand un foreign markets were now under the british control and this was their sales and export to other European countries through Indian colonies.
Handloom Industries were almost shut down and their place was taken by mechanised weaving factories thus dwindling the Indian art of handicraft.
Similarly they were made to produce muslin and other products which fetch higher price in market. Also most of them were either supplied to England or sold via India to other countries and the money was kept with the queen.
The Britishers also imposed heavy taxes on other products which were equally kf not cash important hence the Indians had no other choice tether than shut down their production.
Rice and Wheat produced in excess along with vegetable crops were replaced by cotton and indigo which provided high yield in Global markets and thus provide more profits to Britishers via looting poor Indians.
Indian spices which had a higher demand un foreign markets were now under the british control and this was their sales and export to other European countries through Indian colonies.
Handloom Industries were almost shut down and their place was taken by mechanised weaving factories thus dwindling the Indian art of handicraft.
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Prior to the collusion of East India Company in Indian Society, our economy was primarily based on agriculture.
Meddling of British Empire forced Indian farmers to produce coffee and opium that were profitable for the British Government.
The exports subsequently increased but the overall GDP took a hit.
Thus lower profits led to a large number of suicides amongst the farmers.
It can be said that such a chaos degraded Indian economy.
Indian trade was completely controlled by the British Empire which was the primary aim of colonialism.
This is how British crippled Indian trade.
Meddling of British Empire forced Indian farmers to produce coffee and opium that were profitable for the British Government.
The exports subsequently increased but the overall GDP took a hit.
Thus lower profits led to a large number of suicides amongst the farmers.
It can be said that such a chaos degraded Indian economy.
Indian trade was completely controlled by the British Empire which was the primary aim of colonialism.
This is how British crippled Indian trade.
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