The industrialisation of Britain had a close connection with the
conquest and colonisation of India. You have seen (Chapter 2) how
the English East India Company's interest in trade led to occupation
of territory, and how the pattern of trade changed over the decades.
In the late eighteenth century the Company was buying goods in India
and exporting them to England and Europe, making profit through
this sale. With the growth of industrial production, British
industrialists began to see India as a vast market for their industrial
products, and over time manufactured goods from Britain began
flooding India. How did this affect Indian crafts and industries?
This is the question we will explore in this chapter. write important lines from this paragraph. only important point.
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Answer:
Company rule in India (sometimes, Company Raj,[2] "raj," lit. "rule" in Hindi[3]) refers to the rule or dominion of the British East India Company on the Indian subcontinent. This is variously taken to have commenced in 1757, after the Battle of Plassey, when the Nawab of Bengal surrendered his dominions to the Company,[4] in 1765, when the Company was granted the diwani, or the right to collect revenue, in Bengal and Bihar,[5] or in 1773, when the Company established a capital in Calcutta, appointed its first Governor-General, Warren Hastings, and became directly involved in governance.[6] The rule lasted until 1858, when, after the Indian rebellion of 1857 and consequent of the Government of India Act 1858, the British government assumed the task of directly administering India in the new British Raj.
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