Question

what were the causes of decline of cotton textile industry in india in 19th century? plzzzz anser.......

Answer 1

In the 19th century, the East India Company was ruling India. In the beginning, EIC encouraged production of cooton and other textiles but was actually getting huge profits buy buying Goods at a lower rate in india and selling them at higher rates abroad. But after the Industrial revolution, England developed its own textile industry, and put pressure on EIC to stop Selling Indian goods in England. It also laid huge taxes on indian goods