Question

Short essay on the decline of Indian Industries under the East India Company

Answer 1

Answer:

The traditional handicrafts industry faced a tough competition from these goods produced in bulk. The policy of free trade followed by the East India Company helped them to dictate terms of trade. ... This forced many a craftsman to abandon their ancestral trade. The British exported raw materials from India like cotton....

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Answer 2

Answer:

☑ The traditional handicrafts industry faced a tough competition from these goods produced in bulk. The policy of free trade followed by the East India Company helped them to dictate terms of trade. ... This forced many a craftsman to abandon their ancestral trade.