Did mercantilism occur in India

Yes, mercantilism occurred in India, particularly during the colonial period when European powers, especially the British, established trade monopolies and sought to control resources. The British East India Company played a significant role in implementing mercantilist policies, extracting wealth from India while limiting local industries and trade. This exploitation was driven by the goal of accumulating precious metals and enhancing national wealth, characteristic of mercantilist practices. Overall, India's economy was significantly shaped by these policies during colonial rule.