What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?


The economic policies pursued by colonial government in India were concerned mainly with protection and promotion of economic interest of their home country and it was not it at all related with the development of our economy.

So when we got independence in 1947 our country was a poor and underdeveloped country, the impact of economic policies of colonial government were -


a) In spite of being rich in resources, India became the supplier of raw material to Britain and the consumer of the finished goods produced there.


b) The agricultural sector was undeveloped and was in a very poor condition.


c) The per capita income of India was the lowest in the world.


d) The industrial sector was not at all developed and modernized; it consisted of few industries and many small scale and cottage industries.


e) Unemployment and poverty were at the peak.


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