Why did the company have to buy most of the goods in India with gold and silver imported from Britain?
Dear Student,
The East India Company had to buy most of the goods in India with gold and silver imported from Britain. The reason was that at this time Britain had no goods to sell in India. However, this entirely stopped after the assumption of Diwani. Now revenues from India could finance Company expenses.
Regards
The East India Company had to buy most of the goods in India with gold and silver imported from Britain. The reason was that at this time Britain had no goods to sell in India. However, this entirely stopped after the assumption of Diwani. Now revenues from India could finance Company expenses.
Regards