Examine critically the various facets of economic policies of british in india
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Answer:
The various aspects of the economic policies of British in India from 1750s to 1947 could be observed as:
In the mid-eighteenth century, a major change occurred in the relationship between Indian states and the East India Company (British). Through the Battle of Plassey (1757) and Battle of Buxar (1764), the EIC assumed the diwani rights of a large part of East India, thus transforming it’s stature from a merchant to a revenue collector. Thus, the EIC began to profit from trading as well as revenue collection.
The period of the second half of the 18th century witnessed a number of reforms in the Indian revenue system, in the form of various land revenue systems, like- Zamindari (Permanent Settlement), Ryotwari and Mahalwari systems.
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