Long Answer Type Question
Elaborate the impact of British colonialism on India.
Answers
Explanation:
New land system of the British ruler also created a serious impact on the Indian economy. During the East India Company rule, the company administrators imposed land revenue at exorbitant rates and thereby realised larger returns from land. Thereafter, the British Government introduced the land settlement in 1793.
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New land system of the British ruler also created a serious impact on the Indian economy. During the East India Company rule, the company administrators imposed land revenue at exorbitant rates and thereby realised larger returns from land. Thereafter, the British Government introduced the land settlement in 1793.
Some recent research suggests that British rule did little for India in economic terms. Britain gained hugely from ruling India, but most of the wealth created was not invested back into the country. For example, from 1860 to about 1920, economic growth in India was very slow - much slower than in Britain or America.