AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
The shift from Surat and Hoogly to Bombay and Calcutta reveals that control over Indian trade passed from Indian merchants to European companies. Earlier, Indian merchants, bankers, and supply merchants controlled trade networks through the old ports. As European companies gained monopoly rights and political power, these ports decayed — Surat's trade fell from Rs 16 million to Rs 3 million by the 1740s. The new ports were controlled by Europeans, goods were carried in European ships, and Indian trading houses either collapsed or were forced to operate within European-dominated networks.
Source: Chapter 4, Section 3.1 – The Age of Indian Textiles
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