explain the economic policy of the British ?
Answers
Answer:
British's profits came primarily from the sale of Indian goods abroad. It tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufactures and thus encouraged their production.
Or
Mercantilism was the basic policy imposed by Britain on its colonies Mercantilism meant that the government and the merchants became partners with the goal of increasing political power and private wealth to the exclusion of other empires.
HOPE IT HELPS YOU
Answer:
Answer
1. The main economic policy of the British government was Land settlement and the zamindari system
Because of both these policies, the Indian agriculture became very obsolete and backward. All the produce was taken by the rulers of British India, this made the farmers angry, but they could not do anything. The farmers had to pay exceptionally high taxes because of which they also had a huge amount of debt. The zamindari system had looted a lot of farmers of their produce and growth. Thus this was a major drawback of this policy.