What was the impact of industrialisation in Britain on Indian economy ?
(i) With industrialisation, the British cotton manufacturers began to expand and industrialists pressurised the government to restrict the cotton imports, and protect the local industries. Tariffs were imposed on doth imports into Britain. Consequently, the inflow of fine Indian cotton began to decline.
(ii) From the early nineteenth century. British manufacturers also began to search the overseas markets for their cloth.
(iii) The British machine-made textile products started giving a tough competition to the Indian textile industry at home.
So there was a decline in the share of cotton textiles from some 30 per cent around 1800 to 15 per cent by 1815. By the 1870s, this proportion had dropped to below 3 percent.
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