Explain the main focus of colonial economic policies in India. Briefly explain the impact of these policies
Dear student,
The economic policies pursued by the colonial government in India had twin objectives – i) To make India a mere supplier of raw material and ii) to develop India as a market for British manufactured goods.
The impact of these policies were:
Regards
The economic policies pursued by the colonial government in India had twin objectives – i) To make India a mere supplier of raw material and ii) to develop India as a market for British manufactured goods.
The impact of these policies were:
- The Indian handicrafts industries has suffered a lot as they could not compete with British’s cheap industrial products.
- Agriculture sector has suffered a lot due to low productivity, traditional techniques of production and exploitative land tenure system.
- The Indian economy remain backward due to high level of unemployment and poverty.
- There was a decline in the national income.
Regards