Choose given statement is true/false:

In 1788, only about 30 percent of the indigo was exported to Britain from India, which rose to 95 percent by 1810.

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Detailed Solution

The above statement is True.
In 1788, only about 30 per cent of the indigo was exported to Britain from India, which rose to 95 per cent by 1810. Commercial agents and East India Company officials started investing in indigo manufacturing as the trade expanded. Many Company employees retired from their positions over the years to manage their private businesses in indigo cultivation. There were a lot of Scotsmen and Englishmen who migrated to India and became planters because they saw the potential for big profits. Those who lacked the funds to manufacture indigo could obtain loans from the Company and the newly established banks at the time.

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