Question

What were the impacts of the economic policies pursued by the colonial government in india?

Options

• Low Economic Development

• Backwardness of Indian Agriculture

• De-industrialisation of Indian Economy

• All of the above

Answer 1

All of the above

Explanation:

The following are the consequences of these policies:

1. Low Economic Development
   During the British reign, India's economy remained at a fairly low level of development. According to some studies, the Indian economy developed at a rate of less than 2% between 1900 and 1950. The British administration was more interested in promoting economic interests in their own country, which explains the low degree of growth. As a result of colonial rule, India's agriculture industry was reduced to a mere source of raw materials for British businesses.
2. Agriculture in India is backward
   India was essentially an agrarian economy during colonial control, with approximately 85 percent of the people employed in agriculture. Despite this, the agricultural sector grew at a slow pace. This was owing to the widespread use of various land settlement systems, particularly the Zamindari system.
3. India's economy is Deindustrialisation
   During colonial control, India failed to create a sound and strong industrial basis. The term systematic deindustrialisation' describes the state of the industrial sector during the British administration. The decline of India's handicraft industry and the lackluster growth of the modern industry are both causes of deindustrialisation.