Question

what was the state of the India's foreign trade under British rule?​

Answer 1

Answer:

During this period, Britain held the monopoly of over India's imports and exports. Therefore, most of the foreign trade was restricted only to Britain and other was while the rest half was allowed to trade with other countries like Ceylon (Sri Lanka), China, and Persia (Iran).

Answer 2

Answer:

Under the British rule, India became an exporter of raw materials and an importer of finished goods. There was a huge export surplus due to excess exports. However, the export surplus was used for: i. To make payments for administrative expenses incurred by the British government in Britain, ii.