two way expliotation of economic resource by the British in india
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Answer:
Various trade policies enforced in India by the East India Company and then by the British Government resulted huge drain of wealth from India so as to facilitate the growing British industry with the supply of raw materials from India and also encouraging commercialisation of Indian agriculture in order to transform ...
Answer:
Economic exploitation was experienced by various sections of the Indian society. The economic discontent of different sections of society was as follows:
i) The peasants: The government took away a large part of their produce in the form of land revenue and other taxes. Many peasants lost their land. Whatever revenue was generated was not spend on the development of agriculture or on the welfare of the cultivator. Increase in land revenue forced many peasants into indebtedness or into selling their lands.
ii) The artisans and craftsmen: India became a source of raw materials for the industries of Britain and a market for its finished products. By the midde of the 19th century , export of cotton and silk goods practically stopped. The artisans who earned their livelihood by weaving and spinning had become unemployed.
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