explain the impact of Company rule in India
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Before the advent of European company, India had been a self-sufficient rural economy. Later it was transformed into colonial economy which means suppliers of raw materials to British manufacturers and also market for British manufactured goods.
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The Company's rule lasted until 1858, when, after the Indian Rebellion of 1857, it was abolished. With the Government of India Act 1858, the British government assumed the task of directly administering India in the new British Raj.
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