Highlight the role of Colonialism in the emergence of new business communities, with the help of any one example.

1. The advent of colonialism in India produced major upheavals in the economy, causing disruptions in production, trade, and agriculture but still at the same time new groups (especially the Europeans) entered into trade and business, sometimes in alliance with existing merchant communities and in some cases by forcing them out.
2. Rather than completely overturning existing economic institutions, the expansion of the market economy in India provided new opportunities to some merchant communities, which were able to improve their position by re-orienting themselves to changing economic circumstances.
3. In some cases, new communities emerged to take advantage of the economic opportunities provided by colonialism and continued to hold economic power even after Independence.
4. A good example of this process is provided by the Marwaris, They became a successful business community only during the colonial period when they took advantage of new opportunities in colonial cities.