In the early 18th century, who were involved in the export trade in India?

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Traders and British Loyals

Merchants and Bankers

Entrepreneurs and Businessmen

None of the Above

answer is B.

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Detailed Solution

In the early eighteenth century, merchants and bankers were involved in the export trade in India. During the colonial era, India was a significant exporter. Food grains, clothing, fuel, and other necessities were scarce. They carry products, finance manufacturers, and give exporters the final items. The inland areas were connected to the port towns through supply merchants. They transported the materials to the ports, provided advances to weavers, and purchased the woven fabric from weaving communities. Large shippers and exporters had brokers at the port who negotiated prices, purchased products from supply merchants, and sold them abroad.

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