How did the Bengal economy
crisis a
Answers
The Bengal Bubble, caused by the increasing overvaluation of the East India Company stock between 1757 and 1769, led to the Great East Indian Crash, a major financial crisis that occurred in 1769. The bubble and crash occurred in the wake of the conquest of Bengal by the East India Company in 1757 by Robert Clive.
Explanation:
The economy of West Bengal is the sixth-largest state economy in India. It is a wealthy Indian state, with the capital city of Kolkata having a net wealth of $ 290 billion[4] and accounting for 9600 millionaires of the country. In 2018–19, its public debt stood at ₹4.0 lakh crore (US$56 billion) or 33% of GSDP.[5] The state primarily dependent on agriculture and medium-sized industry, although services and heavy industries play an increasingly significant role in the economy of the country.