Arrange the statements in a way that reflect emergence of New markets and groups in India during independence era.

(A) After colonialisation, India became a source of raw material and consumer of manufactured goods.
(B) During British rule in India new communities emerged to take advantage of the economic opportunities.
(C) After independence, some Marwari families established themselves as modern industries and even today they control more of India's industry than any other communities.
(D) India was a major supplier of manufactured goods to the world market in pre-colonial era.
(E) For instance, Marwaris, a successful business community took advantage of new opportunities in cities like Calcutta.

Choose the correct answer from the options given below:

(D), (A), (B), (E), (C)

The correct answer is Option (1) → (D), (A), (B), (E), (C)

(D) India was a major supplier of manufactured goods to the world market in pre-colonial era.

(A) After colonialisation, India became a source of raw material and consumer of manufactured goods.

(B) During British rule in India new communities emerged to take advantage of the economic opportunities.

(E) For instance, Marwaris, a successful business community took advantage of new opportunities in cities like Calcutta.

(C) After independence, some Marwari families established themselves as modern industries and even today they control more of India's industry than any other communities.
"Before being colonised by the British, India was a major supplier of manufactured goods to the world market (D). After colonisation, she became a source of raw materials and agricultural products and a consumer of manufactured goods (A), both largely for the benefit of industrialising England. At the same time, new groups (especially the Europeans) entered into trade and business, sometimes in alliance with existing merchant communities and in some cases by forcing them out. But rather than completely overturning existing economic institutions, the expansion of the market economy in India provided new opportunities to some merchant communities, which were able to improve their position by re-orienting themselves to changing economic circumstances. In some cases, new communities emerged to take advantage of the economic opportunities provided by colonialism (B), and continued to hold economic power even after Independence.

A good example of this process is provided by the Marwaris, probably the most widespread and best-known business community in India. Represented by leading industrial families such as the Birlas, the community also includes shopkeepers and small traders in the bazaars of towns throughout the country. The Marwaris became a successful business community only during the colonial period, when they took advantage of new opportunities in colonial cities such as Calcutta (E) and settled throughout the country to carry out trade and moneylending. Like the Nakarattars, the success of the Marwaris rested on their extensive social networks, which created the relations of trust necessary to operate their banking system. Many Marwari families accumulated enough wealth to become moneylenders, and by acting as bankers also helped the commercial expansion of the British in India (Hardgrove 2004). In the late colonial period and after Independence, some Marwari families transformed themselves into modern industrialists, and even today Marwaris control more of India’s industry than any other community (C).