(i) British first came to trade in Indian textiles that were in great demand all over the world.
(ii) India accounted for one-fourth of the world’s manufactured goods in
the 17th century.
(iii) There were a million weavers in Bengal alone in the middle of the 18th century.
However, the Industrial Revolution in Britain, which mechanised spinning and weaving and greatly increased the demand for raw materials such as cotton and Indigo, changed India’s status in the world economy.