Economy, asked by sabina781, 5 months ago

Briefliy narrate the economic condition of india during British period

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Answered by shahnisha77
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Answered by Naimeesya
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Indian agriculture remained completely traditional and primitive during the British rule from 1757 to 1947. Farm technology followed during those days was simple and no transformation was adopted into it. There was an increasing pressure on agricultural sector as there was a decline of urban handicrafts in India.This has resulted sudden swelling in the number of agriculturists leading to a continuous sub-divisions and fragmentation of agricultural land.

Towards the end of the 18th century, the East India Company realised the export potentialities of some of the Indian agricultural commodities like indigo, jute, cotton and oilseeds. This was mostly resulted from growing demand for agricultural raw materials like jute and raw cotton arising out of Industrial revolution in England and imposition of restrictions on the export of manufactured and finished goods from India.

The process of industrialisation in India during British period must be traced back from 1750 onwards. India was quite well known for her industrial products. The industry which was very much famous in India during those days was the urban handicraft industry. Again the most important urban handicraft industry in India during those days was the textile industry.

Development of transport and communications has been considered quite significant from strategic, administrative, economic, political, cultural and social point of view. During the British period, the transport and communications system in India was totally backward.

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