heya guys!! what were the problems in the indian economy at the time of british regime?? spammers get lost..
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Over a period of time, the British rule introduced the concept of transferability of land; likewise, the British revenue system enabled the money-lender or the rich peasant to take possession of land. The process of transfer of land from cultivators was intensified during periods of scarcity and famines.
The Indian economy slowed down partly because of the weak global growth in 2019, chief economic advisor K Subramanian said on Friday after finance minister Nirmala Sitharaman tabled the Economic Survey 2019-20 in Parliament.
Our economy had been a victim of enormous exploitation. Our natural resources, iron ores, gold mines, wealth and manpower was subject to intense exploitation. Due to these atrocities, the Indian economy on the eve of independence showed poor/low economic growth.
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