Question

what was the outcome of the competition faced by the trading companies in india in thr early seventeenth century ? can someone pls hep me with this.

Answer 1

Answer:

Between the middle of the 16th century and the middle of the 18th century India’s overseas trade steadily expanded.

This was due to the trading activities of the various European companies which came to India during this period. India had commercial relations with the western countries from time immemorial.

But from the seventh century A.D. her sea-borne trade passed into the hands of the Arabs, who dominated the Indian Ocean and the Red sea. It was from them that the enterprising merchants of Venice and Genoa purchased Indian goods.

This monopoly of Indian trade by the Arabs, and the Venetians was sought to be broken by direct trade with India by the Portuguese.

The geo­graphical discoveries of the last quarter of the 15th century deeply affected the commercial relations of the different countries of the world and produced far-reaching consequences. The discovery of a new all-sea route from Europe to India via Cape of Good Hope by Vasco da Gama had far-reaching reper­cussions on the civilised world.

Hope my answer helpful to you...