How did the economic policy of the british adversely affect the indian economy?
Answers
Answer:
the British rule also upset the balance of economic life in the villages. The gradual destruction of rural crafts broke up the union between agriculture and domestic industry in the countryside and thus contributed to the destruction of the self- sufficient rural economy.
There are some points to elaborate that how British policies affected the Indian economy :
● when the east India company won the first major battle which is actually the battle of Plassey, there is overall control of East India Company in Bengal and the rich resources of Bengal made them financially stable and when they were financially stable they decided to make different policies for their more profit.
● The Britishers make the policy of doctrine of the lapse in which they lapse the state where the king died without a legitimate heir, then his empire will lapse by the east India company.
● Britishers make many policies one of them is subsidiary alliance in this policy the East India company provide subsidiary forces to our rulers. in this policy our rulers cannot make their own army and they were to be protected by the company but pay for the subsidiary forces
if the Indian rulers failed to make paying their half part of the territory directly ruled by the East India company.
these two major policies make them financially strong .
I hope it helps you
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