Question

The port of Surat declined by the end of eighteenth century

Answer 1

Explanation:

The port of Surat declined by the end of the eighteenth century on account of the growing power of European companies in trade with India. ... This led to a decline of the old ports of Surat and Hoogly from where local merchants had operated. Exports slowed and local banks here went bankrupt.

Answer 2

Explanation:

(i) The port of Surat declined mainly because of the growing power of the European Companies in India. (ii) These European Companies gradually gained power and started to control sea-trade in India. (iii) They secured a variety of concessions which they obtained from local court and by gaining monopoly rights to trade.