“Bombay was the commercial capital of colonial India.” Discuss.

1.	“Bombay was the commercial capital of colonial India.” Discuss.
Answer» 1. Bombay initially consisted of seven islands. 2. Due to the growth of population the islands were joined to create more space and then fused into one big city. 3. As an important port at western coast of India it became a centre of international trade. 4. By the end of the 19th century, half of India’s exports and imports transited through Bombay. 5. Opium was the most lucrative item of trade. 6. Opium was exported to China by the East India Company. 7. Indian merchants and middlemen participated in this trade and helped integrate Bombay’s economy directly to Malwa, Rajputana and Sind where opium was grown. 8. Participation of Indians and profits from trade led to the growth of an Indian Capitalist class. This class came from diverse communities-Marwari, Konkani, Muslims, Bohras and Jews.

Answer»

1. Bombay initially consisted of seven islands.

2. Due to the growth of population the islands were joined to create more space and then fused into one big city.

3. As an important port at western coast of India it became a centre of international trade.

4. By the end of the 19th century, half of India’s exports and imports transited through Bombay.

5. Opium was the most lucrative item of trade.

6. Opium was exported to China by the East India Company.

7. Indian merchants and middlemen participated in this trade and helped integrate Bombay’s economy directly to Malwa, Rajputana and Sind where opium was grown.

8. Participation of Indians and profits from trade led to the growth of an Indian Capitalist class. This class came from diverse communities-Marwari, Konkani, Muslims, Bohras and Jews.

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