Question

Why was there an immense competition among the
European trading companies for trade in Indian subcontinent?

Answer 1

Answer:

European trading companies were attracted to India because of a number of reasons: → The European trading companies purchased goods at cheaper and sold them in Europe at the higher prices. → The fine qualities of cotton and silk produced in India had a big market in Europe.

Answer 2

Answer:

• European trading companies used to look for new lands while venturing across the Indian subcontinent that could profit them in terms of trade.
• These trading companies aimed at buying goods at veritably cheap rates in different lands and also taking those goods along with them to Europe and vend them in their requests at huge rates.
• When European trading companies discovered India, they set up goods in India that they could buy at cheaper rates and vend them in Europe at an enormous rate. India is a patron of fine rates of silk and cotton and silk and cotton have a huge request in Europe.
• These fine rates of silk and cotton produced in India attracted these European trading companies to a large extent because of the fact that the trading companies would buy the cotton and silk at cheaper rates in India and vend the same in Europe at huge rates.
• As we know that cotton and silk were produced in India, European trading companies were attracted to India for its wide variety of spices. Spices like clove, black and white pepper, cinnamon, and cardamom were mainly produced in India in the southern region and all these spices were in great demand in Europe.

• These are the primary reasons why there an immense competition among the European trading companies for trade in the Indian subcontinent.

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