Why did the Indian exports decrease from 3 % to 33% in 1850 to 1851? (5m questions )
Answers
Answered by
1
1 . Cotton industries developed in england and they did not want textiles to be imported from other countries, like India .
2 . Import duties were imposed to Indian textiles goods. As a result , imported goods become costly and their demand decreased.
3 . Indian textiles no longer had a market and their export declined from 3 % to 33% in 1880s.
4 . The Manchester Textile Company in England flourished because of this .
5 . Soon textiles manufactured by them were sold in India through the East India Company.
Similar questions