[[1]] in England affected the Indian economy.

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Detailed Solution

The Industrial revolution in England affected the Indian economy.
The industrial revolution in England impacted India hugely.
1)      Indian exports of fine textiles dominated the European markets. However, the industrial production of textiles helped increase productivity and subsequent reduction in prices. This machine made cloth much more popular and affordable. Further, the British government banned the import of finished products to England. India was reduced to the export of raw materials.
2)      The manchester cloth, which was machine-made, flooded the Indian market. It was cheap and more durable. Thus the indigenous produce was wiped off the local markets too.
3)      The Indian merchants and weavers were reduced to poverty due to the arrival of foreign goods to Indian markets.

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