one important results of the British economic policy in India was
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one important results of the British economic policy in India was
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- Another setback Indian economy received through British policy was commercialization of agriculture to supply raw materials to British manufacturers.
- It led into two negative consequences for the Indians.
- First, it led to shortage of food-grains especially during famine.
- The economic policies followed by the British led to the rapid transformation of India’s economy into a colonial economy whose nature and structure were determined by the needs of the British economy.
- In this respect the British conquest of India differed from all previous foreign conquests.
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