economic policy of British in India after 1857
brief answer
Answers
Answer:
The first phases were characterised by mercantilism which started after the Battle of Plassey in 1757 and continued till 1813. This phase was marked by the drain of wealth from India and direct colonial plunder by the East India Company through monopoly in trade and its other policies.
Explanation:
Agricultural India was to be made an economic colony of industrial England. The Government of India now followed a policy of free trade or unrestricted entry of British goods. Indian handicrafts were exposed to the fierce and unequal competition of the machine-made products of Britain and faced extinction.
Explanation:
1Impact of British Rule on India: Economic, Social and Cultural (1757-1857) India and the World through the Ages 112 Notes Indian textiles. Therefore, within a few years, India from being an exporter of clothes became an exporter of raw cotton and an importer of British clothes.