Foreign Trade before the British rule
Impact of British Rule on Foreign trade
Moreover, This export surplus did not result in any flow of gold or silver into India. Rather, this was used to make payments for the expenses incurred by an office set up by the colonial government in Britain, expenses on war, again fought by the British government, and the import of invisible items, all of which led to the drain of Indian wealth.
Yes, I agree that India had great repute in the international market before the dawn of British rule.
The most important characteristic of India’s foreign trade throughout the colonial period was the generation of a large export surplus (Situation when country’s exports exceed import).