Write down the features of India's foreign trade during the mid-eighteenth century?

Solution

Features : 1. India was the exporter of primary products such as raw silk, cotton, wool, sugar, indigo, jute, etc.

2. It was the importer of finished consumer goods like cotton, silk and woollen clothes and capital goods, light machinery produced in the factories of Britain.

3. More than half of India's foreign trade was restricted to Britain while rest was allowed with a few other countries.

4. There was the generation of a large export surplus.

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

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Indian Economy On The Eve Of Independence

Write down the features of India's foreign trade during the mid-eighteenth century?

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

What is life expectancy?

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