Economic Impact of British Colonial Rule: Land Revenue Settlements in British India; -Commercialization of Agriculture; Rise of Landless Agrarian Labour; Famines and Poverty; De-industrialization; Decline of Traditional Crafts; Drain of Wealth
India’s traditional village economy was characterised by the “blending of agriculture and handicrafts”. But this internal balance of the village economy had been systematically slaughtered by the British Government. In the process, traditional handicraft industries slipped away, from its pre-eminence and its decline started at the turn of the 18th century and proceeded rapidly almost … Read more