Choose given statement is true/false:

Many Indian entrepreneurs found an alternative route to survive by trading with Burma, the Middle East and Africa during the colonial period.

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Detailed Solution

The above statement is True.
Many Indian entrepreneurs found an alternative route to survive by trading with Burma, the Middle East and Africa during the colonial period. Many Indian entrepreneurs survived despite economic sanctions imposed by the British government because they found an alternative route to survive by trading with Burma, the Middle East and East Africa. These areas had become new markets for Indian entrepreneurs. They had exported finished and raw materials like cotton to Burma. Some merchants operated within India, which was called intra-marketing. Some of them acted as financiers to the industries. They also opened their factories in India.

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