Q2 of 19 Page 50

How did the British exploit Indians economically?

Britishers exercised harsh economic policies which ruined India’s cottage industries and textile industry. They purchased fine raw material at low cost which was sent to Britain at Liverpool and Manchester. After the cloth was manufactured, the finished cloth was exported sold at high cost in India. They wanted to exploit Indian economy by restricting them to be an agricultural country for supply of raw material and promote Industrial Development in England. There was a great difference on export and import duties on Indian goods. Further, Indians were burdened with taxes to compensate for British government’s expenditure, which drained the wealth of India. This led to a total destruction of Indian cottage industries and exploitation of farmers.


More from this chapter

All 19 →