"Certainly! The East India Company played a significant role in reshaping the Indian economy. They established a monopoly over trade, controlling the production and distribution of goods. This led to the decline of traditional Indian industries, such as textiles, as the Company flooded the market with cheap British goods. The local artisans and craftsmen faced immense challenges as they couldnt compete with the superior British products."
Could you elaborate on the changes brought by the East India Company to the Indian economy?