1.

What happened in the business scenario in the beginning of the 18th century in India?

Answer»
  • The Indian merchants benefitted from the business opportunities offered by the European companies. 
  • But this scenario began to change from the beginning of the eighteenth century. 
  • The Indian merchants were under contract to the Europeans to supply textiles and other goods. 
  • But by then the local resources were not enough to produce the quantities required and political disturbances also disrupted all economic activity. 
  • This resulted in most merchants being bankrupted diminishing the economic vitality of the merchant community.


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