Under the forceful thrust of British rule, a rapid transformation of the Indian economy took place. In this context, which of the following statements is/are correct?

1. Indian economy was transformed into a colonial economy in the 19th century whose structure was determined by Britain’s fast developing industrial economy.

2. The influx of cheap Indian products into England gave a great blow to English textile industries.

3. The 19th century saw the collapse of the traditional Indian village economy and fresh economic alignment along commercial lines.

Select the correct answer using the code given below :

 

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