Examine critically the various aspects of economic policy of British in india from 1757 till independence
Examine critically the various aspects of economic policy of British in india from 1757 till independence
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Explanation:
Introduction - British entered in India due to trade in 1611 and from 1757 they adopted different policies at different stages
Commercial phase -- in this period for improving their trade in India they want to mentain relation with India and wanted to increase tax revenue
Industrial phase -- in this period the main objective was to obtain raw material and to make India a market of British goods because this time industrial revolution occurred in Britain
by criticizing Indian culture and Indians they begin to promote western culture in India
Financial phase -- in this time British was investing their capital in railways, industries plantation etc. and this way they started getting huge interest payed by Indian through taxes.
Conclusion -- for the colonialism British changed Indians political social and cultural structure and to rob India their tastes changes every time
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