Frequent question: How did British rule affect Indian economy?

The Industrial Revolution in England created a serious impact on Indian economy as it reversed the character and composition of India’s foreign trade. This led to destruction of Indian handicrafts although there was no substantial growth of modern factory industry.

What effects did the British rule have on the Indian economy?

They forced the commercialisation of agriculture with the growing of various cash crops and the raw materials for the industries in the Britain. With the strong political control, the British were able to monopolise the trade with India. They defeated their foreign rivals in trade so that there could be no competition.

What were the effects of British rule in India?

The British view tended to portray British rule as a charitable exercise – they suffered India’s environment (eg climate, diseases) in order to bring to India good government and economic development (eg railways, irrigation, medicine). Modern admirers of British rule also note these benefits.

What was the economic effect created due to British rule?

The new market trend of commercialisation and specialisation was encouraged by many factors—spread of money economy, replacement of custom and tradition by competition and contract, emergence of a unified national market, growth of internal trade, improvement in communications through rail and roads and boost to …

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What was the purpose of British rule in Indian economy?

The sole purpose of the British colonial rule in India was to reduce it into a feeder economy for Great Britain’s own rapidly expanding industrial base. What objectives did the British intend to achieve through their policies of infrastructure development in India?

What were the effects of the British rule?

Effect: Many American colonists feared a powerful government. Cause: Many former colonists feared losing their freedom to a new government. Effect: The new Americans made sure their new government could not take away states’ freedom and independence. Cause: The British government taxed the American colonists unfairly.

What was the negative impact of British rule in India?

The British rule demolished India through, taxation on anything made in India, and the exportation of raw materials, which caused a plentiful amount of famine,and throughout all of this, the British kept most on India uneducated, and those they did educate, most were forced to become interpreters for the benefits it …

What was the economic impact of the Company rule in India?

Economic impact

British economic policies gave them a monopoly over India’s large market and cotton resources. India served as both a significant supplier of raw goods to British manufacturers and a large captive market for British manufactured goods.

What effects did British rule have on the Indian economy quizlet?

What effects did British rule have on India’s economy? The transformation of British India’s economy was also doubled edged . On one hand, the raj created many new jobs as a result of the growth of trade and expanded crop production, such as opium in Bengal, largely an export for China.

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How was Indian economy before British rule?

Before the advent of colonial rule, India was a self-sufficient and flourishing economy. … Indian craftsmanship was widely popular around the world and garnered huge demands. The economy was well-known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc.