Its main aim was to transform India into a consumer of British manufactures and a supplier of raw materials.
What was the objective of British economic policies?
The main focus of the economic policies pursued by the colonial government was to make India a supplier of raw materials to britain’s industries and make India a market for finished goods that will be imported from Britain.
What are the British economic policies?
Mercantilism was the basic policy imposed by Britain on its colonies. Mercantilism meant that the government and the merchants became partners with the goal of increasing political power and private wealth, to the exclusion of other empires.
What was the Britishers policy?
What was the British Social and Cultural Policy in India? The British followed a policy of non-interference in the social, religious and cultural life of the fellow Indian till 1813 AD. Their thought was to develop partial modernisation, in other words, a ‘colonial modernisation’.
What was the economic policy of British in India?
Agricultural India was to be made an economic colony of industrial England. The Government of India now followed a policy of free trade or unrestricted entry of British goods. Indian handicrafts were exposed to the fierce and unequal competition of the machine-made products of Britain and faced extinction.
What are the two objectives of British economic policy?
Answer. Answer: Its main aim was to transform India into a consumer of British manufactures and supplier of raw materials. By the middle of the 19th century, British economic policy with India underwent changes.
What are the twin objectives of British rule?
Two fold objective : 1. To get raw materials from India at cheap rate and thus to reduce India to a mere exporter of raw materials to the British industries. 2. To sell British manufactured goods in Indian market at high prices.
Why is Britain so rich?
Its quality of life is generally considered high, and the economy is quite diversified. The sectors that contribute most to the U.K.’s GDP are services, manufacturing, construction, and tourism.
Is the UK socialist or capitalist?
The UK, like every modern economy, has elements of socialism but, in the case of Britain, these are far fewer than in most other Western European economies. Britain is probably the most economically liberal state in Western Europe and the most inclined towards brutal capitalism.
What was the main result of British economic policies Class 8?
Answer: British economic policies gave them a monopoly over India’s large market and raw materials such as cotton. India served as both a significant supplier of raw goods to British manufacturers and a large captive market for British manufactured goods.
Why did Britain give up India?
1947: Partition of India
During World War Two, the British had mobilised India’s resources for their imperial war effort. They crushed the attempt of Mahatma Gandhi and the Indian National Congress to force them to ‘quit India’ in 1942. … For this reason, Britain was desperate to keep India (and its army) united.
Who ruled India before British?
The Mughals ruled over a population in India that was two-thirds Hindu, and the earlier spiritual teachings of the Vedic tradition remained influential in Indian values and philosophy. The early Mughal empire was a tolerant place. Unlike the preceding civilisations, the Mughals controlled a vast area of India.
What were three negative effects of British rule in India?
The British rule demolished India through, taxation on anything made in India, and the exportation of raw materials, which caused a plentiful amount of famine,and throughout all of this, the British kept most on India uneducated, and those they did educate, most were forced to become interpreters for the benefits it …
How did the British destroy the Indian economy?
Britain’s devastation of India
The British took thriving industries — like textiles, shipbuilding, and steel — and destroyed them through violence, taxes, import tariffs, and imposing their exports and products on the back of the Indian consumer.
Was India a rich country before British rule?
Before British Rule (1858)
Before the British ruled in India the East India trade company came to rule while India was very weak, The company made India one of the wealthiest countries in the world. They Brought trade and influence into the country basically owning the global textile trade.
What are the positive and negative effects of British rule in India?
Positive: It brought some peace and order to the countryside. The British revised the legal system to promote justice for Indians regardless of class or caste. Railroads helped Indians move around the country. Negative: British people knew little about Indian achievements and dismissed Indian culture with contempt.