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Moosvi estimates that Mughal India also had a per-capita income 1.24% higher in the late 16th century than British India had in the early 20th century, and the secondary sector contributed a higher percentage to the economy of the Mughal Empire (18.2%) than it did to the economy of early 20th-century British India (11.2%). [19]
The assets of the British East India Company became so huge that the British government decided to step in. India served as the main base for the British Empire's expansion across Asia and would remain the empire's most important asset and main source of income as well as soldiers until independence. Queen Victoria became Empress of India in 1876.
The British East India Company, although still in direct competition with French and Dutch interests until 1763, following the subjugation of Bengal at the 1757 Battle of Plassey. The British East India Company made great advances at the expense of the Mughal Empire. The reign of Aurangzeb had marked the height of Mughal power.
The English East India Company ("the Company") was founded in 1600, as The Company of Merchants of London Trading into the East Indies.It gained a foothold in India with the establishment of a factory in Masulipatnam on the Eastern coast of India in 1611 and the grant of the rights to establish a factory in Surat in 1612 by the Mughal Emperor Jahangir.
World War I would prove to be a watershed in the imperial relationship between Britain and India. 1.4 million Indian and British soldiers of the British Indian Army would take part in the war and their participation would have a wider cultural fallout: news of Indian soldiers fighting and dying with British soldiers, as well as soldiers from ...
Kolkata was the capital of the British India until 1911, when the capital was relocated to Delhi. Kolkata grew rapidly in the 19th century to become the second most important city of the British Empire after London and was declared as the financial (commercial) capital of the British India. This was accompanied by the fall of a culture that ...
India experienced deindustrialisation and cessation of various craft industries under British rule, [12] which along with fast economic and population growth in the Western world, resulted in India's share of the world economy declining from 24.4% in 1700 to 4.2% in 1950, [13] and its share of global industrial output declining from 25% in 1750 ...
The region under British control was commonly called India in contemporaneous usage and included areas directly administered by the United Kingdom, which were collectively called British India, and areas ruled by indigenous rulers, but under British paramountcy, called the princely states.