why Lord Lytton removed tax from British goods?
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Answer:
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Explanation:
who had given notice "To call attention to the statement of the Secretary of State for India at Shere, as reported in The Times of 14th December last, that 'They got infinitely more consideration from foreign countries for Indian products than we did for British products. The reason for that was that our hands were tied here, and that they were untied in India; and to ask His Majesty's Government—
The advantages of having manufactures on the spot, cheaper labour, and a home market—
and with which no other advantages can permanently compete. It is true that in their presence the effect of the 5 per cent. duty is probably insignificant, but this is usually true in the case of all protective duties. They may be an important constituent in the prosperity of an industry whose existence is artificial, but an industry like the cotton manufacture of India, which has a real and independent vitality, receives little or no benefit from a protective duty. In such cases the consumer is a sufferer in respect of the price and still more in respect of the quality of the article he consumes without any real advantage to the industry which is protected at his expense.