Economics · Indian Economy on the Eve of Independence
Which of the following statements is correct about India's foreign trade during the British colonial period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1India's export was purely dominated by finished consumer goods.
- 2India's foreign trade was fully regulated by the domestic industrial class.
- 3India was a net exporter of primary products and raw materials.✓
- 4India did not import any primary goods.
Correct answer
India was a net exporter of primary products and raw materials.
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