Question

What was the importance of Indian trade for the British

Answer 1

British had a lot of profit to trade with india. India is one of the best country in rich and wealth. So british target india for trade. Then rule over it.

Answer 2

1. Trade Surplus – Britain had a Trade Surplus with Indian. Britain used this Surplus to

balance its trade deficit with other countries.

2. Home Charges – Britain’s trade Surplus in India also helped to pay the so called home

charges that included private remittance home by British officials and traders, interest

payments on India’s external debt and pensions of British officials in India.

3. Major Supplier of cotton – India remained a major supplier of raw cotton to British which

was required to feed the cotton textile industry of Britain.

4. Supplier if indenture workers – Many indenture workers from Bihar, U.P., central India

migrated to other countries to work in mines and plantations.