In this article we will discuss about the growth of east India’s company trade. The English East India Company had very humble beginnings in India. By 1623 it had established factories (trading posts) at Surat, Broach, Ahmedabad, Agra, and Masulipatam. From the very beginning, it tried to combine trade and diplomacy with war and control of the territory where their [...]
Read this article to learn about the economic impact of early British rule on Indian trade. Private Trade: In 1656 Prince Shuja-ud-din, nawab of Bengal, granted the East India Company exemption from payment of the usual customs duty of 2½ % per cent in return for a consolidated payment of Rs.3,000. Murshid Quli Jafar Khan when Governor of Bengal refused [...]
Flourished Inland Trade: India's inland trade flourished during the Mughal period on account of the following reasons: 1. Law and order: In the words of Dr. Satish Chandra, "Perhaps the most important factor was the political integration of the country under Mughal rule and establishment of conditions of law and order over extensive areas." image source: file2.answcdn.com/answ-cld/image/upload/w_760,c_fill,g_faces:center,q_60/v1401345244/gnsaklnns3fdndruhdmo.jpg 2. [...]