How didthe assumption of Diwani benifits East India company?
Answers
The assumption of Diwani benefited the East India Company in the following way: (i) The Diwani allowed the Company to use vast revenue resources of Bengal. (ii) The outflow of gold and silver which the company imported to buy goods in India was stopped. (iii) The revenue from Bengal now could be used to purchase cotton and silk textiles in India, maintain Company troops, and meet the cost of building the Company fort and offices at Calcutta .
Answer:
Explanation:
The outflow of gold from Britain slowed after the battle of plassey, and entirely stopped after the assumption of diwani. Now revenues from India could finance company expenses. These revenue could be used to purchase cotton and silk textiles in India .
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