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Before establishing political power in Bengal and Carnatic in the 1760s and 1770s, the East India Company found it difficult to ensure a regular supply of goods for exports.

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Detailed Solution

The above statement is True.
The East India Company struggled to guarantee a consistent supply of goods for exports prior to assuming political control over Bengal and Carnatic in the 1760s and 1770s. Indian textile exports did not immediately decline because East India British cotton production was still in its infancy, and Europe had a strong market for Indian fine textiles. The Company was eager to increase its exports of textiles from India. Before gaining governmental control, the East India Company struggled to maintain a steady supply of products for export because the French, Dutch, Portuguese, and native retailers competed to sell woven textiles. There was competition in the market.

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