What were the impacts of British rule on the Indian economy?
Understand the Problem
The question is addressing the impact of British colonial rule on the Indian economy, particularly focusing on economic exploitation and transformation.
Answer
British rule exploited resources, destroyed local industries, and imposed high land revenues, leading to economic stagnation in India.
The British rule transformed India from a vibrant economy into a backward one. They exploited natural resources for British industries and used India as a market for British goods, destroying local industries. High land revenue demands crippled agriculture, leading to economic stagnation.
Answer for screen readers
The British rule transformed India from a vibrant economy into a backward one. They exploited natural resources for British industries and used India as a market for British goods, destroying local industries. High land revenue demands crippled agriculture, leading to economic stagnation.
More Information
The British economic policies led to significant changes in India's economic structure, focusing on raw material export and consumption of British manufactured goods, thus dismantling India's traditional industries.
Tips
A common mistake is to overlook the systemic nature of exploitation, considering it only in terms of resource extraction without acknowledging its impact on local industries and agriculture.
Sources
- Economy of India under the British Raj - Wikipedia - en.wikipedia.org
- Impact of British Rule on India: Economic, Social and Cultural - nios.ac.in
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