Question

how did the East India Company make the payment for the goods purchased in India ​

Answer 1

Answer:

The company settled down to a trade in cotton and silk piece goods, indigo, and saltpetre, with spices from South India. It extended its activities to the Persian Gulf, Southeast Asia, and East Asia. ... After the mid-18th century the cotton-goods trade declined, while tea became an important import from China.

Answer 2

Answer:

The British East India Company purchased goods in India before 1865 by importing gold and silver from the Britain. ... But after 1865, the Company increased its revenue to such an extent that it began to purchase Indian goods from Indian revenues.

Explanation:

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