how did the trade of indian textiles prove for the European trading companies
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The European companies gradually established control over the Indian trade. ... Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. While Surat and Hoogly decayed, Bombay and Calcutta grew.
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Indian textiles are famous among europeans because they have unique, quality and various flower designs.
Explanation:
- Prices of the indian textiles are cheap.
- Indian printed cotton are popular overall world.
- Printed cotton textiles had a large market in europe.
- Half of the 18th century india was world's largest producer of cotton industry.
- But, from the 16th century European trading companies began buying Indian textiles for sale in Europe.
- Printed cotton cloth from India called chintz.
- Fine qualities of cotton and silk produced in India had a big market in Europe.
- Indian cotton textiles provide more profit to the european trading companies.
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