For what purpose did the European trading companies come to India in the 16th century?

Answer: They came in India in order to trade. they bought raw materials from India like Cotton at cheap price and make product out of it in their country and sell in India at higher prices…

Why did Europeans came to India in the 15th and 16th centuries?

Heavy demand for Indian commodities: Heavy demand for Indian commodities like spices, calicoes, silk, various precious stones, porcelain, etc caught the attention of the European traders from the early medieval period.

Why did European trading companies come to India?

European trading companies were attracted to India because of a number of reasons: → The European trading companies purchased goods at cheaper and sold them in Europe at the higher prices. → The fine qualities of cotton and silk produced in India had a big market in Europe.

Why did European trading companies come to India Class 8?

The fine qualities of cotton and silk produced in India had a big market in Europe. Spices like Pepper, cloves, cardamom and cinnamon too were in great demand. These were the reasons that attracted European trading companies to India.

Why did European traders established trading companies?

The European trading companies set up trade centres in coastal areas because at that time trade through sea was convenient to export and import goods and items at a low price. And at the same time, they sell those goods in Europe at higher prices.

Why did European traders come to India Class 7?

Q19: Why did European traders come to India? Ans: Indian spices and cloth sold in the Red Sea ports reached European markets, and became an important part of European lifestyle. This drew European traders to India.

Who first came to India for trading purpose?

The correct answer is Portuguese. Portuguese explorer Vasco da Gama was the first European to reach India via the Atlantic Ocean at Calicut in India. Portuguese were followed by the Dutch when they tried to enter the Indian market in the middle of the 16th century.

When did the European companies come to India?

The last European people to arrive in India were the French. The French East India Company was formed in 1664 AD during the reign of King Louis XIV to trade with India. In 1668 AD the French established their first factory at Surat and in 1669 AD established another French factory at Masaulipatam.

What attracted European trading companies to India Brainly?

Answer: The fine qualities of cotton and silk produced in India had a big market in Europe. Spices like Pepper, cloves, cardamom and cinnamon too were in great demand. These were the reasons that attracted European trading companies to India.

Why was trade with India profitable for the European traders?

Trading with India was highly profitable for European traders because: The fine qualities of silk and cotton attracted them to india. Indian Spices like pepper, cloves, cardamom and cinnamon were in great demand in Europe. They bought goods at a cheap price from India and sold them at a high price in Europe.

How did the European traders reach India?

Answer: Near the end of the 15th century, Portugese sailor Vasco Da Gama became the first European to establish direct trade links with India since Roman times by being the first to arrive by circumnavigating Africa. He arrived at calicut and obtained permission to trade from the king.

Why were European trading companies attracted to India?

Hence European trading companies were attracted to India. Why were European traders attracted to India? European traders were attracted towards India because of the spices grown in tropical climates – pepper, cinnamon, nutmeg, dried ginger etc. These spices had become an important part of European cooking.

How did India’s overseas trade change between the 16th and 18th century?

Between the middle of the 16th century and the middle of the 18th century India’s overseas trade steadily expanded. This was due to the trading activities of the various European companies which came to India during this period.

When did the British start trading in India?

The British, 1600–1740. The English venture to India was entrusted to the (English) East India Company, which received its monopoly rights of trade in 1600. The company included a group of London merchants attracted by Eastern prospects, not comparable to the national character of the Dutch company.

How did European traders end the monopolistic East India companies?

Further, European traders trading through their monopolistic East India Companies were ended by the favourable and encouraging attitude towards them displayed by the Indian rulers. Thus, the ruler Zamorin of Calicut favourably received Vasco-da Gama when he reached Calicut on his first voyage to India.