Consider the statements regarding India rsquo s state of trade affairs in 18th century 1 There was a...........

Modern Indian History Developments

Consider the statements regarding India’s state of trade affairs in 18th century

1. There was a sharp decline in ‘Internal trade’ of India due to regular looting and foreign invasion.

2. India remained a land of extensive manufactures and became one of them main centres of world trade and industries at the dawn of 18th century.

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Explanation:

Constant warfare and disruption of law and order in many areas during 18th century harmed the country’s internal trade. Many trading centres were looted by the contestants for power and by foreign invaders like Nadir Shah. Many of the trade routes were infested with organized bands of robbers, and traders and their caravans were regularly looted.
Since India was on the whole self-sufficient in handicrafts and agricultural products, it did not import foreign goods on large scale. On the other hand, its industrial and agricultural goods had a steady market abroad. Even India remained a land of extensive manufactures. Indian artisans enjoyed fame all the world over for their skill. India was still a large scale exporter of cotton and silk fabrics. It is said by Peter the Great of Russia- “ the commerce of India is the commerce of the world and he, who can exclusively command it is the dictator of Europe”