Question

The rising industrial and trading interests
of Britain resulted in the abolition of the
Company's monopoly of Indian trade by
the Charter Act of 1813. This brought about
a change in the nature of trade between India
and Britain. So far India had been mainly
an exporting country. Now, it became an
importing country as well. Factory-made
English cotton goods flooded the Indian
market and almost completely replaced
Indian cotton. ( Explain this paragraph)​

Answer 1

Answer:

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