(i) Limited market : With the introduction ol Manchester good in the Indian market the market within which Indian merchants could function became increasingly limited (ii) Restriction on export of manufactured goods : The Indian merchants and traders were barred from trading with Europe in manufactured goods, and had to export only raw materials and food grains-raw- cotton. opium and wheat, indigo recquired by the British. (iii) Introduction of modern ships: With the entry of modem ships Indian merchant were edged out of the shipping business. (iv) Exclusive chambers of the Europeans : The European merchant-industrialists had their exclusive chamber of commerce, and Indians were not allowed to become its members.