|Table of contents|
|Deindustrialization— Ruin of Artisans and Handicraftsmen|
|The Impoverishment of Peasantry|
|The Emergence of Intermediaries, Absentee Landlordism, Ruin of Old Zamindars|
|Stagnation and Deterioration of Agriculture|
|Famine and Poverty|
|Commercialization of Indian Agriculture|
|Destruction of Industry and Late Development of Modern Industry|
|Nationalist Critique of Colonial Economy|
|Economic Issue a Stimulant to National Unrest|
According to historians, at the beginning of the eighteenth century, India had some 23 percent of the world economy. This share came down to some 3 percent when India got independence.
A detailed survey of the economic impact of British rule follows.
Starving Indians beg for food at a British Army Post in 1897
Dadabhai Naoroji: Grand Old Man of India
The nationalist agitation on economic issues served to undermine the ideological hegemony of alien rulers over Indian minds that the foreign rule was in the interest of Indians, thus exposing the myth of its moral foundations.
|1. What is deindustrialization and how did it impact artisans and handicraftsmen in India during British rule?|
|2. How did British rule lead to the impoverishment of the peasantry in India?|
|3. What were the consequences of the emergence of intermediaries and absentee landlordism during British rule in India?|
|4. How did the British rule contribute to the stagnation and deterioration of agriculture in India?|
|5. How did the commercialization of Indian agriculture under British rule impact the overall economy?|