18. One historical reason is the low level of economic development under the
British colonial administration.' Explain.
Answers
Answered by
3
Answer:
➡️ The Indian economy under the British Raj describes the economy of India during the years of the British Raj, from 1858 to 1947.
➡️ During this period, according to British economist Angus Maddison, India's share of the world economy collapsed from 24.4% in 1700 to 4.2% in 1950. India experienced deindustrialization.
➡️ Compared to the Mughal Era, India during the British colonial era had a lower per-capita income, a large decline in the secondary sector, and lower levels of urbanisation.
Explanation:
Similar questions