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By 1813, the exports of British cotton goods to the East, mostly to India, increased by nearly
  • a)
    250 times
  • b)
    500 times
  • c)
    600 times
  • d)
    700 times
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
By 1813, the exports of British cotton goods to the East, mostly to In...
Exports of British cotton goods to the East, mostly to India, increased by nearly 700 times by 1813. This significant increase can be attributed to several factors.

1. Industrial Revolution:
The Industrial Revolution in Britain, which began in the late 18th century, led to advancements in technology and production processes. This resulted in a significant increase in the quantity and quality of cotton goods manufactured in Britain.

2. Technological advancements:
Technological advancements, such as the invention of the spinning jenny, water frame, and power loom, revolutionized the cotton industry in Britain. These inventions enabled the production of cotton goods on a large scale, leading to increased exports.

3. Economic benefits:
Exporting cotton goods to the East, particularly India, presented lucrative economic opportunities for British traders and manufacturers. The demand for cotton goods in India was high, and British manufacturers capitalized on this demand to expand their exports.

4. Colonial control:
By the early 19th century, Britain had established colonial control over India. This allowed British traders and manufacturers to exert their influence and establish a dominant position in the Indian market. They benefited from the captive market and favorable trade policies, which further boosted their exports.

5. Competitive advantage:
British cotton goods had a competitive advantage over locally produced textiles in India. The mechanized production processes in Britain resulted in higher quality and lower-priced cotton goods compared to Indian handloom products. This made British cotton goods more attractive to Indian consumers, leading to increased exports.

6. Infrastructure development:
The British invested in infrastructure development, such as railways and ports, which facilitated the transportation of cotton goods from Britain to India. This infrastructure development ensured the efficient and timely delivery of goods, further boosting the export of British cotton goods to the East.

In conclusion, the significant increase in the exports of British cotton goods to the East, particularly to India, by nearly 700 times by 1813 can be attributed to the Industrial Revolution, technological advancements, economic benefits, colonial control, competitive advantage, and infrastructure development. These factors collectively contributed to the expansion of the British cotton industry and its dominance in the Indian market.
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Similar UPSC Doubts

With reference to the economic policies of the British in India and its impact, consider the following statements: India's export surplus became vital for Britains' balance of payments by the end of the nineteenth century. The organised money market was completely under the British control. Which of the statements given above is/are correct?Expalantion: The British continued to exploit India's economy. The burden of East India Company's London establishment and dividends to its shareholders was replaced after 1858, by the expenditure on the Secretary of State's India Office. The Indian debt in England which was already considerable as a result of the Company's military ventures and suppression of the mutiny was further increased, when compensation to the Company's shareholders was added to Government of India's account. Both Home charges and private remittances were channelised through Indian exports as pointed out by the nationalist economists from Dadabhai Naoroji onwards. The character of economic drain which was originally mercantilist, underwent a change and it now took the form of exploitation through free trade. In the later stage, it got linked with the structure of British Indian finance capitalism. Statement 1 is correct: In fact, India's export surplus became vital for Britains' balance of payments by the end of the nineteenth century. The British rule inhibited and curbed indigenous industry through a variety of structural constraints. The government policies actively promoted the European enterprise and discriminated against Indians. Statement 2 is not correct: The outstanding feature of the Indian money market was its dichotomy; it consisted of two fairly distinct sectors, the organized and the unorganized. These two were not entirely unconnected, but the links were rather loose. The constituents of the organized sector of the Indian money market were the Imperial Bank of India, the exchange banks, and the Indian joint-stock banks. The unorganized sector comprised the indigenous bankers, moneylenders, chit funds, nidhis, etc., etc. The co-operative credit institutions occupied a somewhat intermediate position.

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By 1813, the exports of British cotton goods to the East, mostly to India, increased by nearlya)250 timesb)500 timesc)600 timesd)700 timesCorrect answer is option 'D'. Can you explain this answer?
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