Question

Discuss the result of the British economic policies in the context of urbanisation

Answer 1

Hello, The British ruled India to drain its resources and thus turned India into a colonial economy. They adopt various policies and methods which adversely affected the Indian Economy. 1. They exported raw materials from India at cheap rates and imported finished goods from Britain which adversely affected the Indian industries and economy as a whole. 2. The British imposed heavy duties on exportation of Indian goods and no duties were levied on British goods. So the Indian goods could not compete in foreign markets On the other hand the cheap goods from Britain flooded the Indian markets which resulted De- industrialization in India and thus affected adversely the economy of India. 3. The policy of monopoly during the early stage of British rule also affected the Indian economy as it denied the bargaining power to Indian merchants. 4. The land revenue policy and taxation system of the British took most of the income from peasants and people which also adversely affected the economic condition of India. 5. The commercialization of agriculture policy also deteriorated the economic condition of India. 6. The Unilateral drain of wealth in the form of raw materials, salaries of officials, maintenance of British forces etc also adversely affected the Indian economy and made India a poor country. Regards,