Question

briefly narrate the economic condition of India during the British period?​

Answer 1

Explanation:

The Indian economy under the British Raj describes the economy of India during the years of the British Raj, from 1858 to 1947. According to historical GDP estimates by economist Angus Maddison, India's GDP during the British Raj grew in absolute terms but declined in relative share to the world

Answer 2

During the British period Indian economy was largely dominated by the agriculture sector.

• The Indian economy was dominated by the agricultural sector during the pre-colonial era, and even the colonial period. The bulk of GDP came from the contribution from agriculture and it expanded following the British invasion as well.
• Various systems of land settlement were implemented by the colonial government in India One of the land settlement systems was the system of zamindari which led to stagnation of agriculture.
• Between 1700 and 1950, the GDP of India dropped from 24 percent to 4 percent.   The GDP was the highest during the Mughal Period in the year 1700, which went down to 4 percent by the end of 1950.