Question

What are the focus of the economic policies pursued by the colonial government in india what were the impact of these policies?

Answer 1

Advantages for the company investing in a foreign market include access to the market, access to resources, and reduction in the cost of production. Disadvantages for the company include an unstable and unpredictable foreign economy, unstable political systems, and underdeveloped legal systems.

Answer 2

Answer:

1. The main focus of the economic policies pursued by the colonial government was to make India a mere supplier of Britain’s own flourishing industrial base.
2. The policies were concerned mainly with the fortification and advancement for their home country.
3. The interests of the Indian economy were completely ignored.
4. Such policies brought structural changes in the Indian economy by transforming it to a supplier of raw materials and consumer of finished products from Britain.

The impacts of these policies are:-

• Low Economic Development
• Backwardness of Indian Agriculture
• Deindustrialisation of Indian Economy
• Regression in Foreign Trade