Economic Impact Of The British Rule In India

Summary : This is a 1 page in fib . The has 3 sources and is in APA format . The discusses the economical impact of British convening over IndiaRunning Head :ECONOMIC IMPACT OF British RULE IN INDIAECONOMIC IMPACT OF BRITISH RULE IN INDIA[Name of Institution][Subject][Date]Economic Impact of British Rule In IndiaIntroductionThe British rule over the India lasted for more a couple of centuries and rendered long permanent effects in the entire Sub-Continent socially politically and economically . In this we will discuss the economic effects of British rule in IndiaEconomic Impact of British Rule in IndiaThe British rule has jot to some of the greatest transformations in the Indian society and economy . The British rule has vie an important role in shifting the Indian Subcontinent from mediaeval age to modernization . The economic impacts of British rule contribute be classified into two categories . First those impacts which were beneficial to both(prenominal) the British and Indian people . Second those which were exclusively benefited the British ruling class (Maddison , 1971The British made certain developments in the British India during their rule , most notable of them was the industrialization and urbanization of the bucolic . The replacement of the warlord aristocracy by a bureaucratic one which reduced fiscal burden . They also unquestionable railway system through out the India which increased mobility of toil raw material and goods thus increased production . They create an advanced irrigation system which also increased agriculture outfit . New towns were build with modern architecture and planning which lead to urbanization developed the middle class which is the backbone of the land s economy today . But these impacts made few changes on the lifestyle and living habits of the native population .

The economy of the country re principal(prenominal)ed basically rural in nature as the main production was due to agriculture (Maddison , 1971One the other hand British enjoyed the benefits of the most unbalance and unfair trade which proved to be disastrous for the precompound industries of the Indian Subcontinent . For example the British refused to protect the Indian textile industry , but tried their best to prohibit it . They imposed high taxes on cotton imports from India as a result of which the export of Indian cotton declined to 50 . Onother major(ip) benefit which the elite British upper class enjoyed was the transport of funds and revenue in large amounts from the Indian alter to the United Kingdom . This loss of funds made expectant impacts on the Indian economy and the burden of which impeded the economic progress of the country during both precolonial and post colonial eras (Maddison 1971 , southeastward Asian HistoryReferencesMaddison (1971 ) Class Structure and Economic Growth : India Pakistan since the Moghuls , Retreived from area round-eyed Web on March 22nd , 2007 HYPERLINK hypertext transfer protocol /www .ggdc .net /maddison /articles /moghul_3 .pdf www .ggdc .net /maddison /articles /moghul_3 .pdfSouth Asian History , Retrieved from World Wide Web on March 22nd , 2007 http /india_resource .tripod .com /colonial .html Economic Impact...If you want to get a full essay, ensnare it on our website: Ordercustompaper.com

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