Question 1. What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
Question 2. Name some notable economists who estimated India’s per capita income during the colonial period.
No spam
Irrelevant answers will be reported on spot
Answers
1. The main focus of the economic policies pursued by the colonial government was to make India a supplier of raw materials to Britain's industry .
The impact of economic policies of colonial government were -
a) In spite of being rich in resources, India became the supplier of raw material to Britain and the consumer of the finished goods produced there.
b) The agricultural sector was undeveloped and was in a very poor condition.
c) The per capita income of India was the lowest in the world.
d) The industrial sector was not at all developed and modernized; it consisted of few industries and many small scale and cottage industries.
e) Unemployment and poverty were at the peak.
2.Dadabhai Naoroji, William Digby, Findlay Shirras, VKRV Rao and R.C. Desai estimatedthe National Income and per capita income during the colonial period.