Choose given statement is true/false:

The ports of India started declining after the arrival of the East India Company.

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Detailed Solution

The above statement is True.
The important ports of India started declining after the arrival of the East India Company. The inland areas were connected to the port towns through supply merchants. They transported the materials to the ports, provided advanced loans to weavers, and purchased the woven fabric from weaving communities. This network, run by Indian traders, started to disintegrate by the 1750s. The European businesses steadily increased their dominance by first obtaining several concessions from local courts and later by obtaining the exclusive right to trade. As a result, the traditional ports of Surat and Hooghly, where regional traders had conducted business, began to dwindle.

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