History, asked by udayrana975, 18 days ago

why was trade surplus nit utilised for growth and development of india during british rule​

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Answered by ItzMiSsHeLLxXo0
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The trade surplus was not utilized for growth and development of India during the British rule since they were majorly dependent on the policies of the British. India was only supplying raw materials to the British. The Indian market could not keep pace with cheap machine made goods from industries in Britain.

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