"The economic impacts of the East India Companys rule in India were far-reaching. Initially, the Companys presence contributed to the growth of Indian trade and the export of Indian goods to Europe. However, as the Company gained control, they monopolized trade and exploited Indias resources for their own benefit. They imposed heavy taxes and tariffs, drained wealth from the country, and stifled indigenous industries. This resulted in economic stagnation, impoverishment of Indian producers, and a significant decline in local manufacturing and trade."
"What were the economic impacts of the East India Companys rule in India?"