Choose whether the given statement is true/false:

With the expansion of colonial power, trade through the new ports of Bombay and Calcutta began to be dominated by the British East India company.

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Detailed Solution

The above statement is correct.
Hooghly, Surat and Masulipatanam are the pre-colonial ports present in India, which thrived before the advent and establishment of the machine industries in England. Indian textiles had supreme importance in the global market and were a major producer of fine quality silk and cotton.
But gradually, the European powers gained power, leading to the decline of old port houses like Surat and Hooghly. This shift in new ports like Bombay and Calcutta indicated the expansion of a new network controlled by the British colonial powers.
Hence, with the development of colonial influence, trade through the new ports of Bombay and Calcutta began to be dominated by the British East India company.

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