Why did surat lose its importance …
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Yogita Ingle 5 years, 2 months ago
The world trade grew at a fast pace during the early phase of industrialisation in the 17th and 18th century . The colonial rule and advent of British brought major changes in the pattern of trading in India . Owing to huge resources most European companies could easily beat Indian merchants and traders . These companies gained further power by securing variety of concessions from local courts . Some even acquired monopoly rights to trade . As a result the ports of Surat and Hoogly decayed because local merchants operated through them . Exports from these ports declined and Bombay and Calcutta grew up as new ports for trading . These new ports were under the control of the Europeans .
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