Liberalised Trade Policies to Promote Globalisation
How did India...
Question
How did India become an agricultural colony of Britain?
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Solution
Instructions:
Write about the
Economic policies and reforms by the British in India.
Effect of the Industrial revolution.
Solution:
At the start of the eighteen century, the British policies affected the urbanization process in India. The economic reforms and the policies brought by the British brought a rapid transformation in India's economy to a colonial economy and the development of cities.
The industrial revolution impacted the traditional industrial base of Indian cities. The high import duties and other limitations imposed on importing indigenous goods into Britain and Europe led to the decline of the Indian industries. This led to India transforming into an agricultural colony of Britain.