WORLD HISTORY

Detailed explanation-1: -Cotton was massively imported from India, and with an abundance of coal in the U.K., it was processed to produce mass-manufactured textiles that were then exported back to India (and other places). That is the core of the Industrial Revolution that took the West to economic prosperity.

Detailed explanation-2: -First, Britain viewed India as a source of raw materials that could be used to fuel the factories in England. At the time, India economy was largely centered around agriculture, which would then be exported to England. The most common of these agricultural resources included: jute, cotton, sugar, tea, coffee and wheat.

Detailed explanation-3: -Drawing on nearly two centuries of detailed data on tax and trade, Patnaik calculated that Britain drained a total of nearly $45 trillion from India during the period 1765 to 1938. It’s a staggering sum.

Detailed explanation-4: -Agriculture India was made an economic colony to serve the interests of industrial England. India was forced to export, at cheaper rates, raw materials like raw cotton and raw silk that the British industries needed urgently, Plantation products and food grains which were in short supply in Britain.