Co-Authored By:
Asked by: Cvetelina Brendgens
hobbies and interests stamps and coinsWhat was the economic impact of British rule in India?
British economic exploitation, the decay of indigenous industries, the failure of modern industries to replace them, high taxation, the drain of wealth to Britain and a backward agrarian structure leading to the stagnation of agriculture and the exploitation of the poor peasants by the zamindars, landlords, princes,
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.
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.
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.