Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

Which of the following goods did India primarily export under colonial rule?

Options:

Finished consumer goods like cotton, silk, and woollen clothes

Primary products such as raw silk, cotton, and indigo

Handicrafts

All of the above

Correct Answer:

Primary products such as raw silk, cotton, and indigo

Explanation:

Since ancient times, India has held significant importance as a trading nation. However, the colonial government's policies regarding commodity production, trade, and tariffs had a detrimental impact on the structure, composition, and volume of India's foreign trade. As a consequence, India became primarily an exporter of primary products such as raw silk, cotton, wool, sugar, indigo, and jute, while relying on imports for finished consumer goods like cotton, silk, woollen clothes, and capital goods like light machinery produced in British factories.