Question

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

Answer 1

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