`color{green} ✍️` In the economic sphere, the British people were regarded as exploiters from the very beginning.
`color{green} ✍️` Before the British colonialism, India had a flourishing export trade in silk, cotton, salt, sugar etc. However, the British rule ruined the basic economic structure of India. Indian rural economy was transformed to suit the new modes of industrial Britain.
`color{green} ✍️` In industrial sphere, Indian manufacturing skill, in spinning, weaving, ivory, gold and silver works, filigree and luxury goods suffered a set back because of British industrial policy. Indian traditional agriculture was converted to cultivation of cash crops like indigo and tobacco which left stigmas of poverty on Indian peasants.
`color{green} ✍️` The raw materials from India was exported to England what Dada Bhai Naoroji rightly called as The Drain of Wealth.
`color{green} ✍️` The inflow of Western capital, development of a modem banking and communication system, the establishment of textile, jute, sugar, cement, glass and other factories led to rapid industrialization in India which brought modem industries into existence.
`color{green} ✍️` In the economic sphere, the British people were regarded as exploiters from the very beginning.
`color{green} ✍️` Before the British colonialism, India had a flourishing export trade in silk, cotton, salt, sugar etc. However, the British rule ruined the basic economic structure of India. Indian rural economy was transformed to suit the new modes of industrial Britain.
`color{green} ✍️` In industrial sphere, Indian manufacturing skill, in spinning, weaving, ivory, gold and silver works, filigree and luxury goods suffered a set back because of British industrial policy. Indian traditional agriculture was converted to cultivation of cash crops like indigo and tobacco which left stigmas of poverty on Indian peasants.
`color{green} ✍️` The raw materials from India was exported to England what Dada Bhai Naoroji rightly called as The Drain of Wealth.
`color{green} ✍️` The inflow of Western capital, development of a modem banking and communication system, the establishment of textile, jute, sugar, cement, glass and other factories led to rapid industrialization in India which brought modem industries into existence.