The first English factory in Bengal was set up on the banks of the river Hugli in 1651.
The factory was established with the aim of conducting trade and establishing a commercial presence in Bengal, marking the beginning of British involvement in the region.
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India's trade structure under British colonial rule was molded to serve the economic interests of Britain. Which of the following best describes India’s trade structure at the eve of Independence?
The 'Drain of Wealth' theory, which highlighted the economic exploitation of India under British rule, was prominently advocated by whom?
How did the drain of wealth theory, as proposed by Dadabhai Naoroji, explain India’s poverty under British rule?
Which industry was the most prominent in India before the British rule, though it had significant regional variations?