Question

How did the end of east india company's rule bring in grave economic perils in india?

Answer 1

More Englishmen, both in government and private, came to work in India.  They snatched Indian money in large quantities. India, which supplied the market for raw materials and finished goods for the British industry, became a colony. The farmers became poor.  They will have to pay higher rates of revenue but there is no help to improve the agriculture. The British started investing only in those industries which were friendly to them. He spent most of the money on railways, plantation, jute mills and shipping.

Answer 2

on 2 August 1858, over a year before Canning's declaration that hostilities had ended, the Government of India Act stripped the Company of its burden; the responsibility for governing India passed to parliament and the British crown.