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From 1600 to 1757, the East India Company’s role in India, was that of a trading corporation, which brought goods or precious metals into India and exchanged them for Indian goods like textiles, spices, etc., which it sold abroad.
British’s profits came primarily from the sale of Indian goods abroad. It tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufactures and thus encouraged their production. This is the reason why the Indian rulers tolerated and even encouraged the establishment of the Company's factories in India.
By 1720, laws had been passed forbidding the wear or use of printed or dyed cotton cloth in the UK.
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British's profits came primarily from the sale of Indian goods abroad. It tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufactures and thus encouraged their production.Did British rule lead to India's impoverishment, economic disruption and famine? Under British rule, evidence suggests there were beneficial improvements, with an eventual rise in life expectancy and an increase in wealth for some sectors of the population and economy, notably for much business and industry.The colonizers were only interested in exploiting India's natural resources as they transported items such as coal, iron ore, cotton and other natural resources to ports for the British to ship home to use in their factories.