Describe the crucial role played by india in 19th century globalisatio...
(i)Trade Surplus : Britain had a trade surplus with India, i e., a situation under which the value of exports is more than the imports. Britain used this surplus to balance its trade deficit with other countries.
(ii) Home charges : Britain’s trade surplus in India also helped to pay the so called ‘home charges’ that included private remittances home by British officials and traders, interest payments on India’s external debts and pensions of the British officials in India.
(iii) Major supplier of cotton : India remained a major supplier of raw cotton to Britain which was required to feed the cotton textile industry of Britain.
(iv) Supplier of indentured workers: Many indentured workers from Bihar. Uttar Pradesh, Central India migrated to other countries to work in mines and plantations.
This question is part of UPSC exam. View all Class 10 courses
Describe the crucial role played by india in 19th century globalisatio...
India's Crucial Role in 19th Century Globalisation
India played a crucial role in the process of globalisation during the 19th century. The country's strategic location, abundant resources, and historical significance made it a key player in the global economic and political landscape. Here are some key reasons why India's role was crucial in 19th century globalisation:
Strategic Location:
- India's location in South Asia made it a vital link between Europe, Africa, and the East.
- The country served as a gateway for trade routes between Europe and Asia, attracting merchants and explorers from around the world.
- Its coastal areas provided access to the Indian Ocean, a major trade route connecting various regions.
Abundant Resources:
- India was known for its rich resources, including spices, textiles, precious stones, and agricultural products.
- These resources were highly sought after by European powers, who established trade networks to exploit India's wealth.
- The availability of resources in India contributed to the growth of global trade and increased interdependence between nations.
Colonial Rule:
- In the 19th century, India was under British colonial rule, which significantly impacted globalisation.
- The British East India Company, and later the British Raj, established control over India's economy and resources.
- This colonial rule facilitated the integration of India into the global economy, as British traders and companies monopolized trade with India.
Industrial Revolution:
- The Industrial Revolution in Europe during the 19th century had a profound effect on globalisation, and India played a significant role in this process.
- India became a crucial market for British manufactured goods, which fueled the growth of industries in Europe.
- The demand for raw materials from India, such as cotton and jute, further stimulated industrialization in Europe.
Cultural Exchange:
- India's diverse culture, traditions, and knowledge systems attracted scholars, archaeologists, and historians from various parts of the world.
- The exploration and documentation of India's rich cultural heritage contributed to the exchange of ideas and the development of global cultural consciousness.
Conclusion:
Overall, India's strategic location, abundant resources, colonial rule, participation in the Industrial Revolution, and cultural exchange played a crucial role in 19th century globalisation. The country's influence extended beyond economic aspects, shaping the cultural and political dimensions of globalisation during this period.
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.