For the Indian domestic economy its only one step to the position that British textiles held in Indian domestic markets by the 1850's. It may have been inevitable once Indian textile exports were no longer a lucrative source of trade incomes for the East India Company, but inevitable or not, a process is not complete until it has played itself out.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.