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What was the economic impact of British rule in India?
Last Updated: 10th March, 2020
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Besides, what was the impact of British rule on Indian economy?
New Land System: ADVERTISEMENTS: New land system of the British ruler also created a serious impact on the Indian economy. During the East India Company rule, the company administrators imposed land revenue at exorbitant rates and thereby realised larger returns from land.
how did the British economically exploit India? The British developed some forms of economic infrastructure such as electricity work, railways and irrigation with the objective of promoting foreign trade and also for exploiting natural resources of India to their own advantage.
In this way, how did Britain control India's economy?
ADVERTISEMENTS: During those days, the main motive of the British regime was to transform the Indian economy as a primary producing country, concentrating on the production of raw materials and to create a potential market in India for the sale of their industrial finished goods.
Was India a rich country in the past?
India was Richest Country on earth Before British Raj(Rule)-India population was not problem-2000 years GDP data comparison, History of India Animated . India population was not a problem for 1700 years and it remained richest economy with high population.