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conditions of foreign trade at the …

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conditions of foreign trade at the time of lndependence

    • Posted by Saiyed Hamza 6 years, 4 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Sia ? 6 years, 4 months ago

    India's foreign trade under the British rule is described as below:

    1. India exported raw materials to the home country of the British for their expanding industries.
    2. The British followed a typical colonial pattern of trade in India, where it was made to serve their interests.
    3. India was also developed as a market for the finished goods of the British industries.

    Thus, India was reduced to being a source of food for the British, a supplier of raw materials for the British industries and a market for their finished products.

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