Question

explain the economic impact of the east india company rule in india?

Answer 1

colonization of India as a major factor in both India's deindustrialization and Britain'sIndustrial Revolution.[1][2][3] The capital amassed from Bengal following its 1757 conquest helped to invest in British industries such as textile manufacture during the Industrial Revolution as well as increase British wealth, while contributing to deindustrialization and famines in Bengal;[1][2][3] following the British conquest, a devastating famine broke out in Bengal in the early 1770s, killing a third of the Bengalipopulation and 5 percent of the overall Indianpopulation.[4] British colonization forced open the large Indian market to British goods, which could be sold in India without anytariffs or duties, compared to local Indian producers who were heavily taxed, while in Britain protectionist policies such as bans and high tariffs were implemented to restrict Indian textiles from being sold there, whereas raw cotton was imported from India without tariffs to British factories which manufactured textiles from Indian cotton and sold them