The economy of India was transformed by the British through new technology. The British brought new road network, the world's third largest railroad system, telephone and telegraph lines, irrigation canals, and other things that modernized India. Health and cleanliness also improved with the British coming. They also improved the literacy rate and founded schools.
De-urbanisation occurred due to moving in of British and decline of economy
The British colony that was a significant source of cotton, tea, and silk was India. During the colonial period, India became a major supplier of these commodities to Britain and other parts of the world. The cultivation and export of these products were integral to the British economy and the global trade network at the time.
They weren't, the British empire attacked India and the British won.
impoving India's economy.
I Corps - British India - was created in 1914.
The British transformed India's economy by setting up trading posts at Madras, Culcatta, and Bombay an dthrough modern road and railway networks. .
It undermined the British economy in India.
India's GDP of the world's wealth before the interference of the British was around 30%. All of Western Europe's GDP combined was around 22%. India was well known as the richest country in the world up about until the late 19th century when Britain started to drain India's wealth for its own use. The British completely destroyed the hard earned economy of India only to now have it become a developing nation while Britain is completely developed due to India's wealth. The British said that they came to modernize India, which in fact is very false. They came to loot and plunder the vast wealth of India for its own selfish benefit while causing devastating famines in the 1890s. When the British left, then India's GDP if the world was only 3%. So, from 1857-1947, 30%----3%, do you think Britain came to help the Indians? Or did they come steal all of its riches? It is proven that the states of India under British control for a longer period of time are poorer. Now you decide how the British transformed India's economy.
East India Company
India was based more on a traditional economy before the British came, but after British Rule they have been influenced to become a more mixed economy.
De-urbanisation occurred due to moving in of British and decline of economy
Cotton
India's previously State operated industries has rapidly been developed into a more open mixed economy. Industrial deregulation and the privatization of formerly either owned or government controlled industries has been continuing.
British colonies in India were collectively known as British India. This term referred to the territories directly governed by the British Crown from 1858 until India’s independence in 1947. British India included provinces such as Bengal, Punjab, and Madras, as well as princely states that were nominally autonomous but under British influence. The region played a crucial role in the British Empire's economy and geopolitics.
As with many of their other colonies, Britain was looking for the economic benefits India could provide. India also had a lot of raw natural resources that the British saw as beneficial for the country and its economy.
the British helped industrialize and moderized India to a small extent
The establishment of a railroad network in India by the British significantly transformed the country's economy and society. It facilitated the efficient movement of goods and resources, enabling quicker transportation of raw materials to ports for export and increasing trade. Additionally, it helped unify the diverse regions of India, promoting cultural exchange and migration. However, it also served British colonial interests by reinforcing control over the Indian populace and consolidating economic exploitation.