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Question
Answer the following question:
Why did India’s foreign trade decline during the British rule?
Solution
India traded in wool, silk, textiles, metal craft like vessels and ornaments, objects in gold, silver, copper, steel, and iron. British trade policies led to the drain of wealth from India. Indian trade, industries, and handicrafts declined. Indian artisans lost the support of kings and nobles. The British wanted India to become a supplier of raw materials and an importer of finished goods.
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