With regard to handicrafts and cottage industries, what were the consequences of the British policy of making India a raw material producing country?

The British manufactured finished goods from Indian raw materials and exported them back to India making enormous profit. This lead to the decline of Indian handicrafts and cottage industries. Heavy duties on Indian silk and cotton textiles in Britain destroyed Indian industries. Thousands of Craftsmen and artisans were thrown out of employment. The manufacturers of silk and cotton goods got no profits from their work and began to look for other means of livelihood. The misery of the artisans was further compounded by the disappearance of their traditional patrons and buyers - the princes, chieftains and zamindars.