Question

Why did the British stop import from India?
(Class 10- Age of Industrialisation)

Answer 1

Answer:

Defined either narrowly or broadly, the trade policy of the British government of India did not promote the interests of most Indian producers or consumers. Narrowly defined, trade policy refers to government rates of tariffs, duties, quotas, trade agreements, and other policy instruments that affect the price and quantities of goods exported and imported. Broadly defined, trade policy incorporates all government policies that influence a country's terms of trade, defined as the price of its exports relative to its imports. Such policies would include those targeting changes in exchange and interest rates, investment incentives, taxation and expenditure policies on tradable commodities, and nontariff barriers to trade, such as preferential treatment in government purchases. British imperial rule had many adverse consequences for India's international economic relations.

Explanation:

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