How did the Charter act of 1813 affect Indian craftsmen?

Charter act of 1813 ended the monopoly of the East India Company in India except in trade with China and trade in tea with India.

1. It allowed unrestricted inflow of British goods into the Indian market.

2. Indian handicrafts had to compete with machine-made goods due to which they lost their market.

3. They were forced to sell their goods at a lower price.

4. Apart from that, they were on a decline since the 18^th century due to lack of patronage by the Britishers.

India became a net supplier of raw materials after the industrial revolution which further dampened the situation of local handicraftsmen.