Solution:The above statement is True. The international market for fine textiles was dominated by India till the eighteenth century.
Before the machine industries became famous, silk and cotton goods produced in India dominated the foreign market for fine textiles. Many countries produced coarser cotton, but the finer qualities of cotton were often manufactured in India. Henry Patullo once said in 1772 that no nation could produce goods similar to Indian products. In the nineteenth century, there was a decline in textile exports from India since machine-made textiles were introduced.