Chapter-1:INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
[quads id=1]FACTS
- The British rule that started with the conquest of Plassey battle in 1757
- Britishers ruled India for almost 200 years, till 15th August, 1947.
- Their sole purpose was to exploit the natural resources of India for their own benefit and to reduce the country to being a raw material supplier for Great Britain’s own rapidly expanding modern industrial base.
INDIAN ECONOMY: PRIOR TO BRITISH RULE
- Prior to British rule, the Indian economy was a development economy.
- India was known as “Sone Ki Chidiya”, so many travelers have described India as a rich country.
- Agriculture was well-developed and villages were self-sufficient.
- Indian handicrafts was famous worldwide.