When was the Suez Canal opened? How did it affect the Indian economy?
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Suez Canal was opened in 1869.
The canal connected Port Said on the Mediterranean Sea with the Gulf of Suez. It provided a direct trade route for ships operating between European or American ports and ports located in South Asia, East Africa and Oceania.
It reduced the cost and time of transportation and made access to the Indian market easier. In other words, the exploitation of Indian market now became easier.
The canal connected Port Said on the Mediterranean Sea with the Gulf of Suez. It provided a direct trade route for ships operating between European or American ports and ports located in South Asia, East Africa and Oceania.
It reduced the cost and time of transportation and made access to the Indian market easier. In other words, the exploitation of Indian market now became easier.
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