Colonial rule brought significant changes from "summary" of A Business History of India by Tirthankar Roy
Colonial rule in India ushered in a new era of economic transformation, reshaping the business landscape of the subcontinent. The British colonial administration introduced various policies and institutional frameworks that had far-reaching impacts on the economy and business practices in India. One of the most noticeable changes was the shift from traditional agrarian economies to a more modern industrialized economy. The British promoted industries such as textiles, mining, and shipbuilding, which led to the growth of urban centers and a new class of entrepreneurs and industrialists. This transformation also altered the social fabric of Indian society, as traditional caste-based occupations gave way to new opportunities in the emerging industrial sectors. Furthermore, the British colonial rule brought about significant changes in the transportation and communication infrastructure of India. The construction of railroads, telegraph lines, and roads facilitated the movement of goods and people across vast distances, connecting different regions of ...
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