Economic History of India – The Colonial Era

Economic History of India – The Colonial Era

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British colonial rule ruined the economy of India. The economic history of India during the colonial era highlights the systematic exploitation of India for furthering the cause of the British empire.

Learning Objectives

  1. To know about India economy history before, during and after the colonial rule 

  1. To know British policies affected Indian economy 

  1. To understand how Indian economy made progress after Independence from British rule 

Course Description

In the middle of the 18th century, India was leading in the world in production and export of textiles, spices, and grains. During the colonial era, the British subjected Indian farmers and artisans to hefty taxes crippling their livelihoods. Exploitative tactics on Indian economy were enforced by the British rulers to benefit Britain. For instance, raw materials like cotton would be bought by the British at throwaway prices from Indian farmers, and the finished goods were sold in India at very high prices. By the end of the colonial rule, India had faced its worst famine in its history that killed 10 million people, and the Indian economy shrunk from being 25% of the global economy to a meagre 4%. From being one of the largest economies of the 18th century, India plunged into poverty and backwardness after the Colonial era. The total wealth drained from India during British Raj is estimated to be around $44.6 trillion.

Instructor


Divya Badri

Partner

Mastering India

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SLX is a learning exchange platform that integrates the best of Swiss classroom based learning with an opportunity to interact with global markets through first hand travel. At SLX, we believe that lifelong learning is paramount. Therefore, we invest in a myriad of online-learning tools, collaborate with accredited lecturers with extensive industry experience, and cultivate an authentic experience into the archetype of conducting business internationally. With expansive networks to India, Brazil, China and South Africa, the world is truly your oyster with SLX.Throughout history, the world has benefitted greatly from ideas developed in different corners of the world that have gradually diffused from one place to another. On many occasions, ideas have taken root in places different from where they were born and have gone on to rewrite world history. In a hyper-connected world, this takes on an entirely new dimension, transforming traditional models of education in its wake. SLX believes in this transformative power of the exchange of people and ideas that drive global innovation. Transforming and accelerating this life long learning journey for learners of all ages is the core mission of SLX.Our vision is to help societies adapt to rapid and complex transformation driven 
by the forces of technology and markets to create a sustainable future for all. Follow us if you want to re-skill and teach/learn through
 our methods which blend in different approaches to learning. With expansive networks to India, Brazil, China and South Africa,
 the world is truly your oyster with SLX

SLX is a learning exchange platform that integrates the best of Swiss classroom based learning with an opportunity to interact with global markets through first hand travel. At SLX, we believe that lifelong learning is paramount. Therefore, we invest in a myriad of online-learning tools, collaborate with accredited lecturers with extensive industry experience, and cultivate an authentic experience into the archetype of conducting business internationally. With expansive networks to India, Brazil, China and South Africa, the world is truly your oyster with SLX.Throughout history, the world has benefitted greatly from ideas developed in different corners of the world that have gradually diffused from one place to another. On many occasions, ideas have taken root in places different from where they were born and have gone on to rewrite world history. In a hyper-connected world, this takes on an entirely new dimension, transforming traditional models of education in its wake. SLX believes in this transformative power of the exchange of people and ideas that drive global innovation. Transforming and accelerating this life long learning journey for learners of all ages is the core mission of SLX.Our vision is to help societies adapt to rapid and complex transformation driven 
by the forces of technology and markets to create a sustainable future for all. Follow us if you want to re-skill and teach/learn through
 our methods which blend in different approaches to learning. With expansive networks to India, Brazil, China and South Africa,
 the world is truly your oyster with SLX

Our vision is to help societies adapt to rapid and complex transformation driven by the forces of technology and markets to create a sustainable future for all. Follow us if you want to re-skill and teach/learn through our methods which blend in different approaches to learning. With expansive networks to India, Brazil, China and South Africa, the world is truly your oyster with SLX