After obtaining the Diwan right to Bengal, the East India Company decided to implement various policies and actions in order to maximize their profits and consolidate their control over the region. These decisions ultimately led to the transformation of the company from a trading enterprise to a ruling power in India.




Introduction of Permanent Settlement
The East India Company introduced the Permanent Settlement in 1793, also known as the Zamindari System. Under this system, the company granted the rights of land revenue collection to a group of zamindars (landlords) who were responsible for paying a fixed amount of revenue to the company. This system aimed to ensure a stable and predictable source of revenue for the company while providing the zamindars with a hereditary right over the land.

Exploitation of Resources
The company exploited the rich resources of Bengal to generate immense wealth. They encouraged the cultivation of cash crops such as indigo, opium, and tea, which were in high demand in Europe. The peasants were forced to grow these crops instead of food crops, leading to food shortages and famines in the region. The company also established a monopoly over the trade of these products, enabling them to control prices and maximize profits.

Commercialization of Agriculture
The East India Company promoted the commercialization of agriculture in Bengal. They introduced new technologies and techniques such as improved irrigation systems and scientific farming methods. This resulted in increased agricultural production and profits for the company. However, it also led to the displacement of traditional subsistence farmers and the concentration of land in the hands of a few wealthy landlords.

Control over Trade and Commerce
The company established a monopoly over the trade and commerce of Bengal. They imposed heavy taxes and duties on Indian merchants and controlled the prices of goods. This allowed the company to manipulate the market and eliminate competition. They also established their own trading posts and factories, further strengthening their control over the region's economy.

Expansion of Influence
With the Diwan right to Bengal, the East India Company expanded its influence over other regions in India. They used their military power to defeat local rulers and annex their territories. The company also established subsidiary alliances with Indian princes, allowing them to control and influence their policies. This expansion laid the foundation for the British Raj in India.

In conclusion, after obtaining the Diwan right to Bengal, the East India Company implemented policies and actions aimed at maximizing their profits and consolidating their control. These decisions led to the exploitation of resources, the introduction of the Permanent Settlement, the commercialization of agriculture, the control over trade and commerce, and the expansion of their influence over other regions in India.