What problems were faced by the companies who came for trade in India?
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The company faced financial challenges. The company also faced stiff competition from the Dutch and the French during the 17th and 18th centuries over spices brought from the Spice Islands. The company waged numerous battles against their rivals. This lead to a depletion of resources and manpower. They faced a lot of problems. There was a fierce competition for flourishing trade. Also they were forced to pay taxes by the regional rulers for their private trade. Not only this, but also when the British came to power, they didn't allow the other trading companies to fortify their trading posts.
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