Question

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

Answer 1

. India became supplier of raw materials and consumer of finished goods produced in Britain.2. The agriculture sector continued to experience stagnation and deterioration during British rule.3. The vast majority of people in India led a miserable life.4. Many of the cottage and small scale industries declined under the British rule.5. More than half of India's foreign trade was restricted to Britain.6. The country's growth of aggregate real output during the first half of the 20th century was less than this percent.7. There was hardly any capital goodsindustry to promote further industrialisation in India.8. The contribution of new industrial sector to the Gross Domestic Product remained very small.9. The industrial sector cried for moaernisation and diversification.10. There was rampant poverty and unemployment.

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