list the main feature of permanent settlement how did the production of opium Indigo and sugar short up the profit margin of the East India Company
Answers
The Economy of India under Company rule describes the economy of those regions (contemporaneously British India) that fell under Company rule in India during the years 1757 to 1858. The British East India Company began ruling parts of the Indian subcontinent beginning with the Battle of Plassey, which led to the conquest of Bengal Subah and the founding of the Bengal Presidency, before the Company expanded across most of the subcontinent up until the Indian Rebellion of 1857.
Answer:
It profited the East India Company since opium,indigo,and sugar cane are cash crops which the company could buy at a low price and could sell it in England at a profitable amount shot up the profit margins of the East India Company, due to incress in demand of these raw goods in England brought by the Industrial Revolution.The opium produced was smuggled to China which filled the Company's treasury.
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