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Q.

Indian trade played a crucial role in the late 19th century in ____.


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Detailed Solution

Indian trade played a crucial role in the late 19th century in the world economy.
Indian business people began establishing industries in the late nineteenth century. Indian spinning mills produced yarn used by handloom weavers in India or exported to China. Many changes influenced the pattern of industrialisation. When the Swadeshi movement gained traction, nationalists began to boycott foreign clothing. In 1906, Indian yarn exports to China declined as Chinese and Japanese mills flooded the Chinese market. Industrial growth was slow until the end of World War I.
 
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