Choose the given statement that is true/false:

Trade in textile production was among the merchants and the rural people in the 17th and 18th centuries.

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Detailed Solution

The above statement is true.
Trade in textile production was among the merchants and the rural people in the 17th and 18th centuries.
Before the industrial revolution, India had a trade surplus with countries worldwide, especially in the textile sector. But the situation turned around when the Colonial government took control and forced them to produce raw materials according to the needs of their nascent industry. It was a network of processes in which the producer who produced yarn would be given to the weaver, who would weave the clothes according to consumers' demands. Later on, traders or merchants were responsible for selling these in the markets.

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