Impact of the British Regime on the Indian Economy
In this chapter an overview of the way in which the British restructured the indigenous economic system of India, a British colony, to suit their objective of maximum exploitation is presented. Colonization is described as “governance of a land and its people, now on behalf of and primarily for the economic benefits of a community of people inhabiting a far-off land” (Mukhia 2004). The 17th century and the first few decades of the 18th century were bright both for Indian trade and traders. But the process of drainage of the Indian economy started with the growing commercial power of the English and with the gradual transformation of the East India Company into a political power in the ...
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