Till 17th Contrary India was the largest GDP contributor worldwide. Gi

Question

Till 17th Contrary India was the largest GDP contributor worldwide. Give an account of reasons for disruption of the traditional Indian economy during British period.

07 Aug 2023

Answer :

Word Count : 416

During the British colonial period, India's economy underwent a significant transformation that led to the disruption of its traditional economic structures, which had been among the most prosperous in the world. Before the British colonial rule, India was a major contributor to the global GDP, with thriving agricultural, manufacturing, and trading sectors. However, several factors contributed to the decline of India's economic dominance during the British rule.

First, British policies were primarily designed to benefit the colonial rulers and their economic interests, rather than the indigenous economy. The British imposed heavy taxes on Indian agriculture, leading to widespread impoverishment of farmers. This was coupled _______ _______ _____ _______ ______ ___ ____ _______.
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