Why had the Surat and Hoogly ports declined by the end of 18th century? Explain any three reasons

Why had the Surat and Hoogly ports declined by the end of 18th century? Explain any three reasons.

  1. Export from these ports fell dramatically.
  2. The credit that had financed the earlier trade began drying up.
  3. Local bankers slowly want bankrupts.
  4. In the last years of 17th century, the gross value of trade that passed through Surat had been 16 million by the 1740s it had slumped at 3 million.