Question

Why did East India company incur financial burden during wellesly's regime​

Answer 1

In the late eighteenth century the British East India Company gained control of much of the territory that is now India, Pakistan, Bangladesh, and other territories in Southeast Asia for Great Britain. The company carried on an extensive trade throughout a vast area, including China, but in this article attention will be given almost wholly to India, where its activities had a decisive role in India's economic and political life and in its relationships with Great Britain and the rest of the world. Its activities in India will be noted in three main periods: from 1600 to 1750; from 1750 to 1798; and from 1798 to 1858, when, as proxy for Great Britain, it became the major political power throughout India, finally losing its position in 1858