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How did the Britain use trade …

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How did the Britain use trade surplus with India ?

Posted by ?? ?☺️ 6 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 9 months ago

(i) In 19th century British manufactures flooded Indian markets.
(ii) The value of British exports to India was much higher than the value of British imports from India.
(iii) Britain thus had a tradeturplus with India. Britain used this surplus to balance its trade deficits with other countries, that is with countries from which Britain was importing more than it was selling to.

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