Find out the incorrect statement from the following

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Large parts of the opium produced in India in the 19th century were sent to China, not to Europe.

The main purpose of the opium trade was to acquire tea to sell in the European markets.

Opium trade helped to develop industries in India.

Indians were the major players in trade with China as compared to European traders.

answer is D.

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Detailed Solution

The incorrect statement is that Indians were the major players in trade with China as compared to European traders. Indians became smaller players in the trade of opium from India to China as they provided finance, procured supplies, and also did shipping consignments. Many Indian entrepreneurs learnt from this trade and developed a vision about how to manage and develop business and industrial enterprises in India. As a result, industrial development started to take shape in India. Entrepreneurs started to invest, and many industries were established in India.

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