Question

Why half of India's foreign trade was restricted to Britain in pre-independence period?

Solution

For all practical purposes, Britain maintained a monopolistic control over India's exports and imports. As a result, more than half of India's foreign trade was restricted to Britain.

Some More Questions From Indian Economy on The Eve of Independence Chapter

What is meant by infant mortality rate?

What is life expectancy?

What was the state of secondary sector of the Indian economy on the eve of independence?

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Indian Economy On The Eve Of Independence

Why half of India's foreign trade was restricted to Britain in pre-independence period?

Some More Questions From Indian Economy on The Eve of Independence Chapter

What is meant by infant mortality rate?

What is life expectancy?

What was the state of secondary sector of the Indian economy on the eve of independence?

What was the state of tertiary sector of the Indian economy on the eve of independence?

What was two fold motive behind systematic de-industrialisation effected by British in pre-independence India?

When did India achieve independence?

What was the purpose of the British colonial rule in India?

What type of Indian economy was at the time when Britishers came to India?

What was the main aim of the Zamindars?

What was the main cause of stagnation in the agricultural sector during the British rule?

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