Why is it said india played a cruel in 19 century world economy explain brainly?
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The role on Indian economy in the nineteenth century world economy can be explained as follows :
• India was a major exporter of raw materials to Britain.
• Indian markets were flooded with the British manufactured goods.
• There was a trade surplus for Britain while trading with India. SO this trade surplus was used in many ways.
• Not only with Britain, India also traded with China mainly in opium.
• India was a major exporter of raw materials to Britain.
• Indian markets were flooded with the British manufactured goods.
• There was a trade surplus for Britain while trading with India. SO this trade surplus was used in many ways.
• Not only with Britain, India also traded with China mainly in opium.
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