History, asked by sumiyakm6486, 1 year ago

Investment of foreign capital in india was the biggest hindrance to the country's industrial development give answer briefly in big paragraph

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Answered by Answers4u
11

Britishers invested foreign capital in India and became owners of our land and factories.

Raw materials produced by our farmers, especially those growing Indigo were exported to Great Britain.

The Britishers forced us to buy their low quality foods at high prices which destroyed the income of our farmers.

They made huge profits which were taken back to England in the name of royalty, fees and statutory charges which drained our economy.

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