Indian weavers and craftsmen could not compete with the machine-made goods of the British and thousands of weavers/craftsmen became unemployed. The demand for Indian textiles was reduced and the handloom industry was badly affected. The company used political influence to buy the finest quality cotton from India. Annexation of Princely States led to the loss of royal patronage. Thousands of soldiers lost their traditional jobs. This led to large-scale unemployment.
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