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The Establishment of British Supremacy in Trade in India

HOW DID THE E...

Question

HOW DID THE EUROPEAN COMPANIES GRADUALLY GAIN POWER IN INDIA ?

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Solution

The European countries countries gradually gained power in India by the following means
securing concessions from local courts.
gaining monopoly rights to trade.
the above two resulted in decline of old ports of Hooghly and Surat.
Exports fell dramatically.
Even local bankers went bankrupt.

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