Question

describe the rise of commerical poverty under the colonial government

Answer 1

The Indian economy under the British Rajdescribes 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.[1] Compared to the Mughal Era, India during the British colonial era had a lower per-capita income, a large decline in the secondary sector,[2] and lower levels of urbanisation.[3]