What was the objective of British economic policies
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The Government of India now followed a policy of free trade or unrestricted entry of British goods. Indian handicrafts were exposed to the fierce and unequal competition of the machine-made products of Britain and faced extinction.
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Naturally, it tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufacturers and thus encouraged their production.
This is the reason why Indian rulers tolerated and even encouraged the establishment of the Company’s factories in India. But, from the very beginning, the British manufacturers were jealous of the popularity that Indian textiles enjoyed in Britain.
This is the reason why Indian rulers tolerated and even encouraged the establishment of the Company’s factories in India. But, from the very beginning, the British manufacturers were jealous of the popularity that Indian textiles enjoyed in Britain.
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