Question

What were the restrictions imposed on Indian Merchants to benefits European traders in 19th century?

Answer 1

(i) The activity of the Indian merchants is limited.
(ii) The Indian merchants were restricted and in fact even stopped from trading with Europe in manufactured goods.
(iii) The Indian merchants were supposed to export the raw materials and goods such as the food grains, raw cotton, opium, wheat and indigo needed by the British.
(iv) The Indian merchants were gradually barred from the shipping business.
(v) European Managing Agencies restricted a large sector of Indian industries until the First World War.