how the colonial Era is responsible for poverty in India
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The economic policies adopted by the British led to the rapid decline of
economy condition of the Indians. They exploited Indian resources and took away India’s wealth as tribute.
British economic exploitation, the decay of indigenous industries, the failure of modern industries to replace them, high taxation, the outflow of wealth to Britain and a backward agrarian structure leading to the stagnation of agriculture and the exploitation of the poor peasants by the various class like the zamindars, landlords, princes, moneylenders, merchants and the state eventually reduced the Indian people to extreme poverty and prevented them from moving forward. India’s colonial economy stagnated at a low economic level
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