Impact Of British Rule On Indian Economy

This Palgrave Pivot revisits the topic of how British colonialism moulded work and life in India and what kind of legacy it left behind. Did British rule lead to India’s impoverishment, economic disruption and famine? Under British rule, evidence suggests there were beneficial improvements, with an eventual rise in life expectancy and an increase in wealth for some sectors of the population and economy, notably for much business and industry. Yet many poor people suffered badly, with agricultural stagnation and an underfunded government who were too small to effect general improvements. In this book Roy explains the paradoxical combination of wealth and poverty, looking at both sides of nineteenth century capitalism. Between 1850 and 1930, India was engaged in a globalization process not unlike the one it has seen since the 1990s. The difference between these two times is that much of the region was under British colonial rule during the first episode, while it was an independent nation state during the second. Roy's narrative has a contemporary relevance for emerging economies, where again globalization has unleashed extraordinary levels of capitalistic energy while leaving many livelihoods poor, stagnant, and discontented.

First published in 1952, imperialism is a regularly recurring historical phenomenon, calling for neither approval not condemnation in the abstract. A more profitable exercise is to consider particular imperialisms and assess their spirit and their achievements. From this premise Sir Percival Griffiths proceeds to examine the political, administrative and economic effects on India of British rule. Formerly a member of the Indian Civil Service, later the leader of the British representatives in the Indian Legislative Assembly and now closely connected with commerce and industry in India and Pakistan, he has the advantage of a three-sided approach. He was, moreover, playing an active part in Indian public affairs throughout the years leading to the transfer of power. In 1942 he declared that he would fight any government which resiled from the promise of independence for India and when the Cabinet Mission visited India in 1947, it fell on him to assert - on behalf of the British community in India – their conviction that independence must be granted without further delay. It is because he has thus been a close eye-witness of the events of the last three decades in India that he has written this book. Although Western civilization is often regarded by Indians as materialistic, it is the spiritual rather than in the material sphere that British influence has been greatest. It has built up Indian nationalism; it has engendered in Indian minds a new concept of equality and of human rights; it has rekindled the scientific spirit; and is has profoundly modified the Indian intellectual approach to the problems in life. In all this there have been losses as well as gain – not least among the losses being the partial destruction of village corporate life and the spread of specticism among the intelligentsia – but there can be little doubt which way the balance lies. A further fifty years may have to elapse, Sir Percival suggests, before a final assessment of the impact of the British is possible. In the meantime the present book may be confidently recommended as the most authoritative and objective examination of the history and influence of British administration in Indian, which has yet appeared; a book, furthermore, that may be expected to achieve the status of a standard work.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

Inglorious Empire' tells the real story of the British in India from the arrival of the East India Company to the end of the Raj, revealing how Britain's rise was built upon its plunder of India. In the eighteenth century, India's share of the world economy was as large as Europe's. By 1947, after two centuries of British rule, it had decreased six-fold. Beyond conquest and deception, the Empire blew rebels from cannon, massacred unarmed protesters, entrenched institutionalised racism, and caused millions to die from starvation. British imperialism justified itself as enlightened despotism for the benefit of the governed, but Shashi Tharoor takes on and demolishes this position, demonstrating how every supposed imperial "gift" - from the railways to the rule of law -was designed in Britain's interests alone. He goes on to show how Britain's Industrial Revolution was founded on India's deindustrialisation, and the destruction of its textile industry.

The studies on economic history of modern India had a very late beginning. During the early stage of historiography, a few historians recognized the connection between political and economic history remained a chapter on economic conditions only. Causes and effects of economy were never and analyzed. This book attempts to fill that gap. Examining the characteristic of a colonial economy, the book discusses the process of colonizing Indian economy, with speared focus on monopolistic trade tactics, banning of Indian products in Britain, transformation of trade after industrial revolution and entry of foreign enterprises in India. It also extend an elaborate discussion on land settlement, revenue policies, commercialization of agriculture, decline of handicrafts, state of irrigation, development of transport and communication and currency. Finally, it evaluates economic impact of British rule and addresses the issue of economic drain from India.