What did Europeans get from India?

What did Europeans get from India?

The Europeans came to India to trade for sugar, tea, cotton, ginger, pepper, and other spices, a blue dye called indigo, and jute.

What goods did traders bring back from India?

Later, the Indian trade broadened to include trading English-made goods such as axes, cloth, guns and domestic items in exchange for shell beads. Fur traders like John Hollis in the Chesapeake traded the beads to other Indian tribes for beaver pelts, which were then sold for tobacco bound for the English market.

What were the products that were traded with India by European countries?

Apart from cotton and silk produced in India, European trading companies were attracted to India for its wide variety of spices. Spices like clove, pepper, cinnamon, and cardamom were produced in India and all these spices were of great demand in Europe.

What goods did India produce?

India’s major exports included petroleum products, gems and jewelry, and drug formulations. Additionally, the value of the various types of machinery India exported was valued at over 29 billion U.S. dollars. Other major exports include spices, tea, coffee, tobacco in agriculture, along with iron and steel.

What are the goods of trade since ancient time between India and Europe?

Since ancient times, trade relations exist between India and Europe. There was a great demand for Indian goods in the European markets. In the medieval period, land routes were used for this trade. Later the merchants and rulers started to look for sea routes for their trade with India.

What did India trade on the Silk Road?

The sacks of merchants were filled with ivory, rhino horns, turtle shells, spices, ceramic and iron items, glaze and cinnamon, ginger, bronze weapons and mirrors. India was famous for its fabrics, spices and semi-precious stones, dyes, and ivory.

What are India’s top three imports?

India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic …

How did trade take place between India?

During the Middle Ages trade between Europe and India and South-East Asia was carried on along several routes. The Asian part of the trade was carried on mostly by Arab merchants and sailors, while the Mediterranean and European part was the virtual monopoly of the Italians. Yet, trade remained highly profitable.

What were the reasons that resulted in the discovery of new sea route to India?

Europeans had to pay money to the people of the region from where their trade goods were transported. This led to a very high prices of spice in Europe. So they desperately needed to find a new sea route to minimize this cost. Portuguese were the first to find a sea route to India.

What kind of goods did the Europeans get from Asia?

Log in here. Spices from Asia, such as pepper and cinnamon, were very important to the Europeans, but other items Europeans coveted included silk and tea from China, as well as Chinese porcelains.

What did the Danish East India Company do in India?

Other enterprises in India included a Danish East India Company, which operated intermittently from 1616 from Tranquebar in southern India, acquiring Serampore (now Shrirampur) in Bengal in 1755, and the Ostend Company of Austrian Netherlands merchants from 1723, a serious rival until eliminated by diplomatic means in 1731.

What did the French East India Company do in 1740?

The French company remained under the close supervision of the government, which nominated the directors and, from 1733, guaranteed fixed dividends. In spite of the company’s growth and its fostering by government, its sales in Europe in 1740 were only about half those of England’s East India Company.

Where did trade start between Europe and India?

The Beginnings of European Trade. India’s trade relations with Europe go back to the ancient days of the Greeks. During the middle Ages, trade between Europe and India and South-East Asia was carried through various routes.