Q1. Describe the Role of the Age of Indian Textiles.
Ans: In India, before the inception of the machine industries, it was mostly the cotton and silk goods that dominated the international market in textiles. However, a variety of Indian bankers and merchants are involved in this network of finance trade such as supplying exporters, finance of production, and even carrying goods. However, during the 1750s, the Indian textile network that was being controlled by the Indian merchants broke down, and the European countries took control through monopoly trade rights and secured a variety of concessions from local courts. There was even a significant shift from the old ports to the ew ports as an indication of colonial growth of power. European companies controlled trade which collapsed several trading houses, and to survive, people had to operate within a network that was shaped by the European trading companies.