Question

The decline of Indian handicrafts transformed India into an ................ of raw materials​

Answer 1

Answer:

Exporter

Explanation:

decline of handicraft industry adversely affected the Indian economy because handicraft in India enjoyed the worldwide reputation of excellence and quality. but in British Raj the  British allowed tax on import and export and  machine-made products from Britain were low-cost products and gave a stiff competition to the handicraft products in India and so on...

Briefly, the British government converted the Indian economy into a colonial market for the British industrial goods. implying, exploitation of the Indian market as a source of raw-materials and as a destination of demand for the British product. in the process. the handicraft industry in India was  marginalised and finally perished.