Which of the following statements is correct about India's foreign trade during the colonial period?

Correct option is B

The correct answer is (b) India was an exporter of primary products and raw materials.
Explanation:
. Colonial India exported raw materials like cotton, jute, indigo, opium, tea to Britain for industrial use.
. Imported finished goods-textiles, machinery causing deindustrialisation and wealth drain.
. Trade directed towards Britain; raw exporter, manufactured importer structure.
Information Booster:
. Major exports: cotton, jute, opium to China via Britain.
. Dadabhai Naoroji highlighted economic drain theory.
. Destroyed local handicrafts favouring Lancashire mills.
Additional Knowledge:
India did not import any primary goods (Option a)
. Imported some; mainly finished products.
. Focus was manufactured imports.
India's foreign trade was fully regulated by the industrial class (Option c)
. British government-Company controlled.
. Not Indian industrial class.
India's export was purely dominated by consumer goods (Option d)
. Raw materials primary; few consumer like tea.
. Opposite of reality.