Question

narrate briefly economic development of India under the colonial period​

Answer 1

Answer:

In 1820 India's GDP was 16% of the world total, by 1870 it had fallen to 12% and by 1947 had fallen further to 4%. India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population. In consequence colonialism drove economic development in some parts of Europe and retarded it in others. Colonialism did not, however, merely impact the development of those societies that did the colonising. Most obviously, it also affected the societies that were colonised

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