Question

223. Colonial urban economy of India is
characterised by
(1) destruction of traditional handicrafts
(2) growth of the bourgeoisies
(3) development of modern industries
(4) all of the above​

Answer 1

The colonial urban economy of India is  characterized by the destruction of traditional handicrafts.

Option (1) is correct.

Explanation:

• During British rule, the British subordinated the Indian economy to their own interests.
• After the 17the century, India became an agricultural colony of their capitalism.
• That was the revolutionary period for Egland and the British took advantage of this economic colony.
• They exported raw materials such as raw silk and raw cotton to Europe at cheaper rates.
• European capitalism completely paralyzed the Indian economy.