Which among the following were the economic impacts of British rule in India?
1. De-industrialisation
2. Deterioration of agriculture
3. Rise of bourgeoisie class in India
Which of the above statement(s) is/are correct?
Which among the following were the economic impacts of British rule in India?
1. De-industrialisation
2. Deterioration of agriculture
3. Rise of bourgeoisie class in India
Which of the above statement(s) is/are correct?
The correct option is D All of the above
Following were the economic impact of the British rule in India:
Deindustrialization- India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19th century it had lost all of its export market and much of its domestic market.
Other local industries also suffered some decline, and India underwent de-industrialization as a consequence. While India produced about 25 percent of world industrial output in 1750, this figure fell to only 2 percent by 1900.
Ruralisation- Loss of peasantry during early years of British rule, along with the loss of handicrafts Industry in India led to formation of new urban centres and ruralisation of many ancient and medieval towns in India.
Deterioration of Agriculture- Faulty Land revenue collection practices, plantation Crops cultivation with little or no revenue for the farmers, transferability of land, little spending by Government on improvement of land productivity made farmer miserable. The peasant turned out to be the ultimate sufferer under the triple burden of the Government, zamindar and moneylender. His hardship increased at the time of famine and scarcity.
Rise of bourgeoisie class in India - There emerged the new class of Indian traders, moneylenders and bankers. But, the colonial situation retarded the development of a healthy and independent industrial bourgeoisie, and its development was different from other independent countries like Germany and Japan.
Famine and Poverty - Regular recurrence of famines became a common feature of daily existence in India. These famines were not just food grain scarcity-based phenomena, but were a direct result of poverty unleashed by colonial forces in India
Following were the economic impact of the British rule in India:
Deindustrialization- India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19th century it had lost all of its export market and much of its domestic market.
Other local industries also suffered some decline, and India underwent de-industrialization as a consequence. While India produced about 25 percent of world industrial output in 1750, this figure fell to only 2 percent by 1900.
Ruralisation- Loss of peasantry during early years of British rule, along with the loss of handicrafts Industry in India led to formation of new urban centres and ruralisation of many ancient and medieval towns in India.
Deterioration of Agriculture- Faulty Land revenue collection practices, plantation Crops cultivation with little or no revenue for the farmers, transferability of land, little spending by Government on improvement of land productivity made farmer miserable. The peasant turned out to be the ultimate sufferer under the triple burden of the Government, zamindar and moneylender. His hardship increased at the time of famine and scarcity.
Rise of bourgeoisie class in India - There emerged the new class of Indian traders, moneylenders and bankers. But, the colonial situation retarded the development of a healthy and independent industrial bourgeoisie, and its development was different from other independent countries like Germany and Japan.
Famine and Poverty - Regular recurrence of famines became a common feature of daily existence in India. These famines were not just food grain scarcity-based phenomena, but were a direct result of poverty unleashed by colonial forces in India
