Social Sciences, asked by Sabika6475, 1 year ago

how did the british estabillish monopoly over cotton trade with india

Answers

Answered by Rehan951
0
By establishing political power, the English East India Company could assert the monopoly right to trade. It developed a system of management and control that would eliminate competition with the existing traders. It would also control costs and ensure a regular supply of cotton and silk goods.
Answered by begativethinker
0

Answer:

India has 63% share in global textile and garment market. Further, India also has second largest manufacturing capacity globally. The Indian textile industry accounts for about 24% of the world's spindle capacity and 8% of global rotor capacity.

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