Indian Economy On The Eve Of Independence — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIndian Economy On The Eve Of Independence3 Marks
Question
What is export surplus? How did it prove disadvantageous to India during British rule?
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Answer
Excess of exports over imports is called export surplus.Export surplus during British rule proved disadvantageous to India due to the following reasons:
Commodities were not available to Indians but were being exported. Ignoring the domestic needs goods were being exported for the advantage of Britain.
This export surplus was used to fulfill administrative and war expenses of Britain. This was called drain of Indian wealth. This export surplus did not lead to any flow of gold and silver into the country.
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