Britishers economic policies ruined India’s cottage industries. They purchased fine raw material at low cost. It was sent to Britain at Liverpool and Manchester. Here cloth was manufactured and finished cloth was exported to India and sold at high cost. It destroyed the Indian textile industry. The East India Company wanted to make India an agricultural country for supply of raw material to promote industrial development in England. There was a great difference on export and import duties on Indian goods. In India, British government’s expenditure was afforded by India so, Indian people were burdened with taxes. Therefore, wealth of India was drained to England. As a result, destruction of Indian cottage industries and exploitation of farmers etc. forced Indians to revolt.
