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A number of modern economic historians have blamed the colonial rule for the state of India's economy, with investment in Indian industries limited since it was a colony. [21] Under British rule, India experienced deindustrialization.
The Company Rule in India refers to areas in the Indian subcontinent which were under the rule of British East Indian Company.The East Indian Company began its rule over the Indian subcontinent starting with the Battle of Plessey, which ultimately led to the vanquishing of the Bengal Subah and the founding of the Bengal Presidency in 1765, one of the largest subdivisions of British India.
The Economy of India under Company rule describes the economy of those regions that fell under Company rule in India during the years 1757 to 1858. The British East India Company began ruling parts of the Indian subcontinent beginning with the Battle of Plassey, which led to the conquest of Bengal Subah and the founding of the Bengal Presidency, before the Company expanded across most of the ...
Though Portugal's presence in India initially started in 1498, their colonial rule lasted from 1505 until 1961. [17] The Portuguese Empire established the first European trading centre at Quilon (Kollam) in 1502. It is believed that the colonial era in India started with the establishment of this Portuguese trading centre at Quilon. [18]
The Inland Emigration Act of 1859 was a pivotal piece of legislation enacted by the British colonial government in India to regulate the internal migration of laborers to the tea plantations of Assam and other regions. The Act was primarily aimed at securing a steady and controlled supply of labor for the rapidly expanding tea industry in Assam ...
Debate continues about the economic impact of British rule on India. The issue was first raised by Edmund Burke who in the 1780s vehemently attacked the East India Company, claiming that Warren Hastings and other top officials had ruined the Indian economy and society, and elaborated on in the 19th century by Romesh Chunder Dutt.
A map of British India in 1909. The Great Depression in India was a period of economic depression in the Indian subcontinent, then under British colonial rule.Beginning in 1929 in the United States, the Great Depression soon began to spread to countries around the globe.
It is also called Crown rule in India, [13] or Direct rule in India. [14] 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 ...