UPSC CDS GS Economy Questions Part 2

Between 1814 and 1850, four commodities, viz., raw silk, opium, cotton and indigo dominated India's exports. So, the second statement is not correct. The Indian economy was used to cater to the needs of the British as it was subservient to the British economy. So, the foreign capital financed indigo and raw silk. Besides, indigo and raw silk required the processing techniques to add value.