NCERT Solutions for Class 8 Social Science
History Chapter 2 From Trade to Territory The Company Establishes Power
Question 4 Page No. 24
NCERT Academic Session 2023-2024
What attracted European trading companies to India?
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Factors Attracting European Trading Companies:
1. Rich Resources: India possessed lucrative commodities like spices, textiles, and precious stones, attracting traders seeking profitable ventures.
2. Strategic Location: Its strategic position in global trade routes enhanced its appeal, serving as a key point connecting Europe, the Middle East, and Southeast Asia.
3. Established Trade Networks: India had well-established trade networks and a history of commerce, offering opportunities for European traders to capitalize on existing routes.
4. Economic Prospects: The potential for high profits from trade, investment, and commerce in a diverse and economically active region was enticing for European traders.
5. Demand for Goods: Europe had a high demand for Indian products like spices, textiles, and indigo, creating a significant market for these commodities.
6. Colonial Ambitions: European powers sought colonies, viewing India as a valuable territory due to its resources, economic potential, and strategic importance.
These factors collectively attracted European trading companies to India, leading to increased engagement and eventual colonization.