How did economic policies of the British adversely affect the Indian economy
Answers
Explanation:
In the beginning, there were 2 nations. One was vast, mighty and magnificent empire, brilliantly organized and culturally unified, which dominated a massive swath of the earth. The other was an underdeveloped, semi-feudal realm, even by religious factionalism and barely able to feed its illiterate, deceased and stinking masses. The first nation was India and the second was England .
[Indian Summer by Alex con Tunzelmann]
The above mentioned statement was said by an Englishman to describe India and his own country England in a comparative way. This tells about economy of India before the arrival of Britishers.
In a religious,cultural point of view Britishers were much more liberal when we compare them with the Turko-Mongol invaders. However, when it comes to their policy of exploiting India’s wealth by various means they are second to none in the history of India. Britishers used multi pronged approaches to loot India. As Dr. Shashi Tharoor says the took the hindi word loot not only into their dictionary but also quite literally in their action in India. Before knowing the impact of British rule on Indian Economy we must first analyze the socioeconomic condition of Pre-British India.
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Answer:
The britishers started bringing the finished products into markets which were cheaper and ruined india's trade. The britishers imposed heavy taxes on the products that India exported out. The britishers especially imposed taxes on the handicraft industries which exported their products outsideThe British imposed heavy duties on exportation of Indian goods and no duties were levied on British goods. ... The Unilateral drain of wealth in the form of raw materials, salaries of officials, maintenance of British forces etc also adversely affected the Indian economy and made India a poor country.
Another major economic impact of the British policies in India was the introduction of a large number of commercial crops such as tea, coffee, indigo, opium, cotton, jute, sugarcane and oilseed. Different kinds of commercial crops were introduced with different intentions.