How did the Charter Act of 1813 affect Indian craftsmen?

The Charter Act of 1813 ended the monopoly of the East India Company with the exception of tea and trade with China. As a result, Indian craftsmen had to compete with machine made goods from England.

This effectively led to the loss of the market for handmade handicrafts made by Indian craftsmen and ultimately led to the decline of the Indian handloom industry.

For further reading check the following articles:

• Government Act of 1858
• Legislations in British India