The most important characteristic of India's foreign trade throughout the colonial period was ___________.
The most important characteristic of India's foreign trade throughout the colonial period was ___________.
Solution
✅ Correct Option: 2
Throughout the colonial period India's exports exceeded imports, generating a large export surplus. This surplus, however, did not benefit India: it was used to meet Britain's administrative and war expenses, and it led to a drain of Indian wealth rather than an inflow of gold or silver.
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