India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country’s economy was characterised by various kinds of manufacturing activities. There were again two types of agriculturists—the land owning and the tenants.
What was the position of Indian economy before British rule?
India had an independent economy before British rule. Agriculture was the main source of livelihood for the majority of the population, even though the country’s economy was characterised by various kinds of manufacturing activities.
What was the situation in the village before the advent of British?
The situation of the villages before the arrival of British people was very pathetic. They didn’t have enough income and used to pay half of the amount of their income in the form of taxes and were suffering from severe poverty.
What was the condition of villages during British rule?
While the British built a substantial network of railways and highways, most villages remained isolated with poor tracks that were often cut off during the monsoon. Motor vehicles were hardly visible and most local transport depended on bullock carts. Like trade, money was limited in villages.
Was India rich before British rule?
Before British Rule (1858)
Before the British ruled in India the East India trade company came to rule while India was very weak, The company made India one of the wealthiest countries in the world. They Brought trade and influence into the country basically owning the global textile trade.
How did the British destroy the Indian economy?
Britain’s devastation of India
The British took thriving industries — like textiles, shipbuilding, and steel — and destroyed them through violence, taxes, import tariffs, and imposing their exports and products on the back of the Indian consumer.
Why did the British introduce modern education in India?
British wanted to introduce modern western education to serve their economic interests as English education would convince Indians about the superiority of British goods which were machine made, it would make Indians recognize the advantages of trade and commerce.
Was India the richest country in history?
By 1700, the Indian Subcontinent had become the world’s largest economy, ahead of Qing China and Western Europe, containing approximately 24.2% of the World’s population, and producing about a quarter of world output. India produced about 25% of global industrial output into the early 18th century.