How did the development of cotton industries in britain affect textile producers in india
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In the seventeenth century, India was a relatively urbanised and commercialised nation with a buoyant export trade, devoted largely to cotton textiles, but also including silk, spices, and rice. India was the world’s main producer of cotton textiles and had a substantial export trade to Britain, as well as many other European countries, via the East India Company. Yet as British cotton industry underwent a technological revolution in the late eighteenth century, the Indian industry stagnated
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1)Indian textiles had to now compete with both British and Indian textiles now
2)British industry expanded which led to shrinkage of Indian industry and unemployment
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