British Trade Policies Destroy Indian Industry
Subject
Indian National Movement
Chapter
Advent of the Europeans
- East India Company allows unrestricted British imports into India
- British goods enter India without import duties, making them cheaper
- High protective duties block Indian goods from entering British markets
- Indian weavers and traders face economic ruin due to unfair competition
- Unemployed weavers are forced to shift to agriculture for survival
- Migration to farming increases pressure on limited agricultural land