Economic Effects of British Colonialism in India

Dr. Pawan Kumar

Abstract


In this paper an attempt has been made to expose the way how British restructured the indigenous economic system of India to suit their objective of maximum exploitation. It could be seen that it was mindless wreckage of a sound and flourishing system that ensured the prosperity of all the people particularly the large masses of the population living in the rural areas- villages-of India. Britain (and all the rest of Europe) had reached the limits to growth imposed by the resources of its own territory before the colonial era. The only way it could expand and grow economically was, as Adam Smith said, by altering 'its situation with respect to other countries'.


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