Question

Discuss the british Colonial intervention in india's economy in the early 19th century​

Answer 1

India’s economy also changed significantly over the century as a result of British influence. The East India Company established plantations in India to grow commercially-attractive commodities such as tea and cotton for export. While the British made more Indian land available for agriculture through irrigation projects, the emphasis on cash crops impaired food production and Indians suffered through several famines in the 19th century. Following the establishment of the India Office in 1858, the British government improved other aspects of the Indian economy. By 1904 the British had laid 28,000 miles of railway track, an important avenue of commerce for India.

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Answer 2

Answer:

The factors which were responsible for the gradual decay of Indian handicrafts were—disappearance of princely courts and their patronage, aggressive trade policy of the East India Company and the British Government, increasing competition of British machine—made goods and increasing demand for Western commodities