Impact of British imperialism on Indian economy from "summary" of A Brief History of Modern India by Rajiv Ahir
The British imperialism had a profound impact on the Indian economy during the colonial period. The policies implemented by the British rulers were primarily aimed at serving the interests of the British Empire, often at the expense of the Indian economy. One of the key aspects of British imperialism was the extraction of resources from India to fuel the industrial revolution in Britain. This led to the deindustrialization of India as the British flooded the Indian market with cheap manufactured goods, thereby destroying local industries and handicrafts. Furthermore, the British imposed heavy taxes on Indian farmers and artisans, leading to widespread poverty and economic hardship. The introduction of the permanent settlement system in Bengal in 1793 further exacerbated the economic explo...
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