Explain the following concepts.

The economic policy of British

1. The main economic policy of the British government was Land settlement and the zamindari system

Because of both these policies, the Indian agriculture became very obsolete and backward. All the produce was taken by the rulers of British India, this made the farmers angry, but they could not do anything. The farmers had to pay exceptionally high taxes because of which they also had a huge amount of debt. The zamindari system had looted a lot of farmers of their produce and growth. Thus this was a major drawback of this policy.

2. Deindustrialisation

The Britishers made India an exporter of raw materials and importer of finished goods which led to the only loss of the Indian Economy.

3. The economic growth was poor

This meant that the primary products such as jute, cotton, silk and coffee and also tea was exported to India, 50% of the trading activities of India were controlled by the British hands, rest was with China, Bhutan and Iran. Thus the foreign market of India was controlled by the British interest for their economic needs.