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Question
In the context of 1857 revolt, discuss about the subordination of Indian economy to British interests.
Solution
After the Industrial Revolution, the British developed their own textile industry. Instead of Indian textile goods, they bought raw material from India, and forced Indians to buy their product from the mills. This led to monopolisation of trade and commerce and the. ruin of Indian handicrafts as they forced Indians to sell their raw material at a lower rate and buy English goods at a higher rate.
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