Choose given statement is true/false:

The demand for Indian goods in the European market increased in the 17th and early 18th centuries.

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Detailed Solution

The above statement is True.
The demand for Indian goods in the European market increased in the 17th and early 18th centuries. European trading enterprises crossed oceans in search of new regions where they could purchase things for less money and transport them back to Europe, where they could sell them for more money. High-end cotton and silk goods from India found a considerable market in Europe. Indian spices like cinnamon, cardamom, cloves, and pepper were also in high demand in Europe. As a result, Indian traders were drawn to Europe. India was the largest cotton textile producer in the world around 1750, and it was known for its products' superior quality and fine artistry. They were traded throughout West and Central Asia and Southeast Asia (Java, Sumatra, and Penang).

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