Question

Much of India's wealth was drained to Britain. Explain.

Answer 1

British government followed a one-sided trade policy which exempted the British goods from paying any duty entering India but levied high customs duty on Indian goods entering England. People, therefore, preferred to buy English goods which were cheaper. Indin merchants found it difficult to survive with handloom products made in India, while the British companies made profits and transferred this wealth of India into Britain.