The British East India Company turned India into a market point for the sale of British goods by:

– Open Markets: The company used its political and military power to shut out the Indian existing trade networks and take its place. It did all its best to remove Indian tariffs and duties on British goods while levying heavy taxes on local Indian producers. This made British products much cheaper than Indian counterparts in the market.

– Protectiveism: The British importation of goods into India was complemented by the exclusion of Indian textiles from the British market, which comprised high tariffs and bans in protectionist Britain. All this led to the great destruction of India’s once largest textile industry in the world.

– Raw Material Supplier: India became the most significant supplier of raw materials into the British industries, especially in cotton. The raw material came in Britain duty-free; hence, it was another advantage to British manufacturers.

– Captive Market: India was proved to be a large captive market for the goods manufactured inside Britain. The people of India hardly had an option as their domestic industries were suppressed and competed with the financial products of Britain as being cheaper.