Choose whether the given statement is true/false:

India became a supplier of raw materials instead of finished products.

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Detailed Solution

The above statement is true.
India became a supplier of raw materials instead of finished products. England's industries required a vast amount of raw materials. The resources came from India. This has an impact on the country's resource availability. The cotton and silk of higher quality were shipped to England, leaving workers with inferior materials. The Indian artisans' and weavers' items were of inferior quality. As the level of product quality declined, Indian nobles and elites began to purchase more machine-made goods imported from England. This resulted in the decline of weaving and other traditional Indian businesses. As a result, the phase of de-industrialization began.

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