Economics · Indian Economy on the Eve of Independence
Consider the following statements regarding India's foreign trade during British rule: (i) India was a net exporter of raw materials. (ii) India was a net importer of finished manufactured goods. (iii) The trade surplus generated was used extensively for Indian economic development. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i), (ii) and (iii)
- 2(i) and (ii) only✓
- 3(ii) only
- 4(i) only
Correct answer
(i) and (ii) only
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