First of all, I will make a brief presentation on how India’s economy was during thepre-colonial period in 3 aspects: agriculture, trade and handicraft. Then we pass on the main part of the subject on how the british rule affected India’s economy and the impacts?India’s economy prior to British Rule
1. self-sufficient agriculture
Before the British came, agricultural operations were carried on in India by subsistence farmers,organised in small village communities. Villages were more or less self-sufficient economic units and business contacts with the outside world were limited to payment of land revenue andthe purchase of a few necessities from the towns nearby. The farmer raised only those crops needed for his own use and shared the same with the village artisans who supplied him withsimple products needed for domestic comsumption.
The farmer usually grew enough produce to feed himself and the non-agricultural members of the village community. If his cropyielded was more than needed, due to favourable weather, the surplus was stored for use in the lean years. Storage of grains was a common practice and also the only safeguard againstfamines.
2. flourishing trade
in spite of the fact that the Indian villages were largely self-sufficient units and the means of communication were quite primitive, India enjoyed [à continuer]
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"The economic effects of the british rule in india." Etudier.com. 07, 2010. Accédée 07, 2010. http://www.etudier.com/dissertations/The-Economic-Effects-Of-The-British/64279.html.