The trade monopoly of India ended when the British rule ended. Because in the pre colonial rule we were forced to export our raw materials to Britain the only country without any export duty. We used to export raw materials at cheap prices and imported finished goods at a higher rate. This caused lack of self sufficiency in India. After 1947 the situation was so worse that we used to import food grains from other countries. We were totally depended on other countries for our survival . That was the worst condition . After 1945 there came a change in our economy. Green revolution was started which aimed to become self sufficient and not dependent on others at least for food grains. This caused a drastic change in our economy. We started exporting food grains instead of importing. Then came the policy of LPG liberalisation,privatisation,globalisation. This policy came in 1991 which aimed at industrialisation and the growth of our economy. License was abolished which was first required to start a business many countries join hands with India for investing purpose. Our nauratna were also given to private sector whose main motive was to earn profit. Government took only3 things in public sector which includes raliways, nuclear, defence. These changes developed our country to that extent that now we are dealing with maximum countries in the world. This is how the monopoly trade over and we started exporting things in many parts of the world
The trade monopoly of India ended when the British rule ended. Because in the pre colonial rule we were forced to export our raw materials to Britain the only country without any export duty. We used to export raw materials at cheap prices and imported finished goods at a higher rate. This caused lack of self sufficiency in India. After 1947 the situation was so worse that we used to import food grains from other countries. We were totally depended on other countries for our survival . That was the worst condition . After 1945 there came a change in our economy. Green revolution was started which aimed to become self sufficient and not dependent on others at least for food grains. This caused a drastic change in our economy. We started exporting food grains instead of importing. Then came the policy of LPG liberalisation,privatisation,globalisation. This policy came in 1991 which aimed at industrialisation and the growth of our economy. License was abolished which was first required to start a business many countries join hands with India for investing purpose. Our nauratna were also given to private sector whose main motive was to earn profit. Government took only3 things in public sector which includes raliways, nuclear, defence.
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).Trading companies from Holland, France & England came an established trading centres in Bengal.
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).Trading companies from Holland, France & England came an established trading centres in Bengal. Farrukhsiyar, Mughal emperor ordered a farman to the British to trade duty free without paying any taxes. This angered Siraj-ud-daulah and on coming to power he ordered the British to pay taxes. This angered the British & they waged the Battle of Plassey against him. Then he captured the British , the British fought over & took over him & signed the Treaty of Alinagar in which it was stated that the British would trade freely without paying any taxes.
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).Trading companies from Holland, France & England came an established trading centres in Bengal. Farrukhsiyar, Mughal emperor ordered a farman to the British to trade duty free without paying any taxes. This angered Siraj-ud-daulah and on coming to power he ordered the British to pay taxes. This angered the British & they waged the Battle of Plassey against him. Then he captured the British , the British fought over & took over him & signed the Treaty of Alinagar in which it was stated that the British would trade freely without paying any taxes.And in this way they established monopoly over in Bengal & then expanded to other states of India.
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The trade monopoly of India ended when the British rule ended. Because in the pre colonial rule we were forced to export our raw materials to Britain the only country without any export duty. We used to export raw materials at cheap prices and imported finished goods at a higher rate. This caused lack of self sufficiency in India. After 1947 the situation was so worse that we used to import food grains from other countries. We were totally depended on other countries for our survival . That was the worst condition . After 1945 there came a change in our economy. Green revolution was started which aimed to become self sufficient and not dependent on others at least for food grains. This caused a drastic change in our economy. We started exporting food grains instead of importing. Then came the policy of LPG liberalisation,privatisation,globalisation. This policy came in 1991 which aimed at industrialisation and the growth of our economy. License was abolished which was first required to start a business many countries join hands with India for investing purpose. Our nauratna were also given to private sector whose main motive was to earn profit. Government took only3 things in public sector which includes raliways, nuclear, defence. These changes developed our country to that extent that now we are dealing with maximum countries in the world. This is how the monopoly trade over and we started exporting things in many parts of the world
The trade monopoly of India ended when the British rule ended. Because in the pre colonial rule we were forced to export our raw materials to Britain the only country without any export duty. We used to export raw materials at cheap prices and imported finished goods at a higher rate. This caused lack of self sufficiency in India. After 1947 the situation was so worse that we used to import food grains from other countries. We were totally depended on other countries for our survival . That was the worst condition . After 1945 there came a change in our economy. Green revolution was started which aimed to become self sufficient and not dependent on others at least for food grains. This caused a drastic change in our economy. We started exporting food grains instead of importing. Then came the policy of LPG liberalisation,privatisation,globalisation. This policy came in 1991 which aimed at industrialisation and the growth of our economy. License was abolished which was first required to start a business many countries join hands with India for investing purpose. Our nauratna were also given to private sector whose main motive was to earn profit. Government took only3 things in public sector which includes raliways, nuclear, defence.
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Answer:
ANSWERED BELOW
Explanation:
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).Trading companies from Holland, France & England came an established trading centres in Bengal.
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).Trading companies from Holland, France & England came an established trading centres in Bengal. Farrukhsiyar, Mughal emperor ordered a farman to the British to trade duty free without paying any taxes. This angered Siraj-ud-daulah and on coming to power he ordered the British to pay taxes. This angered the British & they waged the Battle of Plassey against him. Then he captured the British , the British fought over & took over him & signed the Treaty of Alinagar in which it was stated that the British would trade freely without paying any taxes.
Bengal in the 18th Century was considered the richest of all Indian provinces. This prosperous & fertile land attracted traders from European countries (East India Company).Trading companies from Holland, France & England came an established trading centres in Bengal. Farrukhsiyar, Mughal emperor ordered a farman to the British to trade duty free without paying any taxes. This angered Siraj-ud-daulah and on coming to power he ordered the British to pay taxes. This angered the British & they waged the Battle of Plassey against him. Then he captured the British , the British fought over & took over him & signed the Treaty of Alinagar in which it was stated that the British would trade freely without paying any taxes.And in this way they established monopoly over in Bengal & then expanded to other states of India.
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