Question

Discuss the impact of the british rule on indian economy

Answer 1

The British exploited Indian Economy. Made India a raw material producing country only. Under the British rule the handicrafts industry suffered a huge blow as the Indian hand made goods could not compete in quality and quantity with the British machine made goods. Also, Indian goods could not be exported as they had to pay huge custom charges which was not the case for British made goods coming in to India . All the wealth from the Ganges were being transferred to the banks of Thames. Thus India was reduced to a mere raw material producing colony along with providing a market for the British goods

Answer 2

The greatest impact of British policies was the drain of wealth from India. The Indian economy, no doubt, was primarily a rural economy, but Indian artisans produced goods in bulk to meet the demands of Indian and European buyers. Several towns had flourished as centres of trade.

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