Some Economic Aspects Of British Rule In India

Excerpt from Some Economic Aspects of British Rule in India I do not forget that there are worthy exceptions to the generality of our public men, like Mr. Dadabhai N aorop, who for a long time stood alone among educated Indians as a student and expounder of Indian economics. The late Mr. M. G. Ranade has also left valuable records of his views on the same. And latterly M r. R. C. Dutt, by his Economic History of India' and other writings, has placed the Indian people under obligation. I may mention Mr. I). E.wacha, and the Hon: M r. G. K. Go'khale among other Indians who hate thrown light on' economic and fiscal questions by their various public utterances and writings. Still, in my humble opinion, these questions should be more generally studied by our politicians and journalists than is the case at present and their Views should be more largely diffused among the classes that take an interest in public affairs. In the following pages I endeavour to make a small contri hutien towards this end. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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.

Provides exhaustive information on the state of economic affairs when the British ruled this subcontinent.