What attracted european trading companies to india

European trading companies could buy goods at a cheap price, in India and carry them back to Europe and sell them at higher prices. The fine qualities of cotton and silk produced in India had a big market in Europe. Pepper, cloves, cardamom and cinnamon grown in India were in great demand in Europe. Question Description what attracted European trading companies to India Related: CCE Based Sample Based Questions - Chapter 2 - From Trade to Territory, Class 8, Social Science? for Class 8 2023 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about what attracted European trading companies to India Related: CCE Based Sample Based Questions - Chapter 2 - From Trade to Territory, Class 8, Social Science? covers all topics & solutions for Class 8 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what attracted European trading companies to India Related: CCE Based Sample Based Questions - Chapter 2 - From Trade to Territory, Class 8, Social Science?. Solutions for what attracted European trading companies to India Related: CCE Based Sample Based Questions - Chapter 2 - From Trade to Territory, Class 8, Social Science? in English & in Hindi are available as part of our courses for Class 8. Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free. Here you can find the meaning of what attracted European ...

European trading companies were attracted to India for its abundance of valuable resources such as spices, textiles, and precious metals, as well as its strategic location as a trading hub between Asia, Europe, and Africa. India was also known for its highly skilled artisans and craftsmen who produced high-quality goods such as textiles, pottery, and metalwork. Additionally, India had a large and sophisticated market with a diverse range of consumers, which presented opportunities for profitable trade. The country’s rich cultural heritage, with ancient traditions of art, literature, and philosophy, also made it an attractive destination for European merchants and adventurers seeking exotic experiences. Finally, the weakened state of Indian political entities, especially after the decline of the Mughal Empire, made it easier for European powers to establish trading posts and gain control over Indian territories. This eventually led to the colonization of India by European powers, including the British, Portuguese, Dutch, and French.

Companies from Europe were on the lookout for fresh markets to get low-priced items from, which they could then resell at a profit back home. The European market was particularly interested in the high-quality Indian cotton and silk that was being produced. Similarly in-demand were spices like pepper, cloves, cardamom, and cinnamon. These were the main draws for European merchants to set up shop in India.

Indian textile had huge markets in Europe. Indian textiles were known for its quality and craftsmanship. Cottoan and silk textiles from India were in great demand in Europe. Spices like pepper, cloves cardamom, and cinnamon from India were in greater demand in Europe. European company retrned with an abundance of goods and valuable commodities and sold the in the Europeand market at a great price. This was priary thing that attract most Western explorer and European tranding companies to have low coast trade with high profits in India. India is the second-most populous country with over 1.2 billion people located in South Asia. India is the world’s seventh-largest economy based on nominal GDP and is the third-largest purchasing power parity. Following market-based economic reforms in 1991, India became one of the fastest-growing economies countries and began to implement an export-oriented foreign trade policy. However, before the reform due to the long-time of implementation of an Inward-looking import economic development strategy, the domestic market is highly protected in India which lead to the slow development of India's import and export trade and stay in the trade deficit situation for a long time. As well as the contribution of foreign trade to GDP is low, ultimately affecting the Indian economy's development speed. Now, it is one of the most attractive countries in the BRIC markets, which also includes Brazil, China, and Russia. The sino-India trade relationship ...

Solution Let’s Discuss- From Trade to Territory 4. What attracted European trading companies to India? The cheap raw material and other goods like fine cotton, silk, spices like cloves, pepper which were at great demand in Europe and sold at higher prices in European markets earned a huge profit to the companies. This profit attracted the trading companies to India. 5. What were the areas of conflict between the Bengal nawabs and East India Company? After the set-up of its first factory in 1651 at the bank of Hooghly river in Bengal, the East India Company started expanding its area of trade and allowed merchants to settle near to the trading posts. They convinced the nawabs and gained duty-free trade rights in Bengal which they exploited and this, later on, was realized by the Nawabs which led to the beginning of the conflicts. The major reasons were: a) The Nawabs denied giving further rights to the company b) The Company was not ready to pay taxes and wanted duty free trade. c) The nawabs wanted a part of the profit to them which was denied by the company d) Company was disrespectful towards the nawabs , which made them more furious 6. How did the assumption of Diwani benefit the East India Company? Answer- Diwani rights gave Britishers right to collect their own revenues and which was a huge benefit to them from Bengal, this has also set the monopoly of Company to trade and with the profit helped them in exporting raw material to European markets, so it was an overall ...

Chapter 2. From Trade to Territory Class 8 History questions with answers for all excercise of History ncert books in english medium chater wise solutions quick revision keypoints and additional question with solutions also categorised into short answered question with answer also long answered questions with answers. History 2. From Trade to Territory Class-8 Exercise NCERT - Apurva NCERT Solutions for Class 8 History in english medium chapter 2. From Trade to Territory . Well illustrated example and easy solution for ncert book. NCERT Class 8 chapter 2. maths exercise If you are preparing for your upcoming exams you should prepare by CBSE and NCERT study materials: NCERT Solution: • Our Chapter Review for Class 8 History 2. From Trade to Territory . This section is available in page - 1. For Mathematics this section is not available. You can get help only for ncert chapter wise exercise. • Intext (Textual) questions And answer which is very important for exam 15% to 20% questions asked in exams from this sections. • NCERT exercise questions answers this is very very important (V.V.I.) as other questions so must go throught Solution NCERT chapter wise. • Extra And Additional questions always aksed in exams and it is the most important that you go throught NCERT Extra questions answer CBSE Sample Papers: CBSE Sample papers come in various for as sample paper, model paper, test paper, guess paper etc. This included the following items as study and support materials: • CBSE ...

Queen Elizabeth-I set the new trading empire for the English. A number of 'chartered' companies were established during Elizabeth's reign: • the Eastland Company to trade with Scandinavia, and the Baltic in 1579; • the Levant Company to trade with the Ottoman Empire in 1581; • the Africa Company to trade in slaves, in 1588; and • the East India Company traded with India in 1600. The East India Company was established mainly because the Dutch controlled the entire spice trade with the Indian Subcontinent. Spices were very popular and extremely important for making the winter salted meat tastier. Initially, The English were unsuccessful to establish themselves in this trade. The East India Company did begin to operate in India. It led to many wars (including three Carnatic wars) with the French and the Dutch. Finally the British emerged victorious and expanded its influence to control over India. Q1: Match the following: Answer: Following were the reasons European trading companies were attracted to India: • The European trading companies were looking for new lands from which it could buy goods at a cheap price, and carry them back to Europe to sell at higher prices. • The fine qualities of cotton and silk produced in India had a big market in Europe. • Pepper, cloves, cardamom and cinnamon too were in great demand. • Spices were very popular and extremely important for making the winter salted meat tastier. • Spices were routed through Arab traders and were sold at high pri...