Question

What were the factors of significance economy change in mid in 18 century?

Answer 1

India of the 18th century failed to make progress economically, socially, or culturally at a pace, which would have saved the country from collapse.

The increasing revenue demands of the state, the oppression of the officials, the greed and rapacity of the nobles, revenue-farmers, and zamindars, the marches and countermarches of the rival armies, and the depredations of the numerous adventurers roaming the land during the first half of the 18thcentury made the life of the people quite despicable.

India of those days, was also a land of contrasts. Extreme poverty existed side by side with extreme rich and luxury. On the one hand, there were the rich and powerful nobles steeped in luxury and comfort; on the other, backward, oppressed, and impoverished peasants living at the bare subsistence level and having to bear all sorts of injustices and inequities.

Even so, the life of the Indian masses was by and large better at this time than it was after over 100 years of British rule at the end of the 19th century.