India is export by 1850-51 fell dramatically . what did happen and what were it's implications explain
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Answer: During the 18th century, main industries in India were textile, cotton and ... The market of the chief Indian exports ... British Industry started flourishing while Indian Industry declined. Britain flooded the market with machine made fabric which were of better quality and also cheaper than Indian textiles. British imposed heavy taxes on Indian cotton goods. Local weavers could not keep up with competition of the mills in terms of volume and pricing.
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