Discuss the subordination of the Indian economy to British interests

QUESTION: In the context of the 1857 revolt, discuss the subordination of the Indian economy to British interests

ANSWER: After the Industrial Revolution, the British developed their own textile industry. Instead of Indian textile goods, they bought raw materials from India and forced Indians to buy their product from the mills. This led to the monopolization of trade and commerce and the. ruin of Indian handicrafts as they forced Indians to sell their raw material at a lower rate and buy English goods at a higher rate.


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