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In the nineteenth century, Britain had a trade surplus with India.

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Detailed Solution

The above statement is true.
In the nineteenth century, Britain had a trade surplus with India. India used to supply cotton to Britain. However, there were tariffs on cloth imports in Britain. As a result, the Indian exports of cotton to Britain declined. However, the Indian markets were flooded with cheap British cloth produced in industries. As a result, the Indian handloom industry suffered a significant blow. Thus Britain was able to balance the trade in its favour. The British trade surplus also helped to finance its administration costs in India. It was able to make a strong position in the world economy using its favourable trade with India.

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