10th Class Social Science The Making of a Global World Question Bank Short Answer Type Questions - The Making Of A Global World

  • question_answer
    How did Britain's trade surplus from India help her to balance its other trade deficits?

    Answer:

    In 19th century British manufactures flooded Indian markets. The value of British exports to India was a much higher than the value of British imports from India. Britain thus had a trade surplus with India.
    Britain used this surplus to balance its trade deficits with other countries - that is with countries from which Britain was importing more than it was selling to.
     


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