Question

india played acrucial role in tha late 19 cantury wold economy", explan ?​

Answer 1

Answer:

Hello mate

Here is your answer

⇒Really, India played a crucial role in the late 19th century world economy. Britain had a 'trade surplus' with India. Britain used this surplus to balance its trade deficits with other countries. ... India also provided raw material to the developing industries of the world.

Answer 2

(i) Britain had a ‘trade surplus’ with India. Britain used this surplus to balance its trade deficits with other countries.

(ii) Britain’s trade surplus in India also helped pay the so-called ‘home charges’ that included private remittances home by 3ntish officials and traders, interest payments or. India’s external debt, and pensions of British officials in India.

(iii) in the nineteenth century, hundreds of thousands of Indian and Chinese laborer's went to work on plantations in mines and in rood and railway construction projects around the world.

(iv) India also provided raw material to the developing industries of the world.

(v) India become a major market for the final goods: especially cotton textile