Status of Indian Economy during the British Rule

Abstract

India was rich in economy, culture and polity. But it was due to advent of foreigners that it gradually got pushed into backwardness. During the pre colonial period and also during the colonial period, Indian economy was dominated by agriculture sector. The major part of the GDP came through the agricultural contribution. After the British invasion as well, the agriculture sector grew. Any change in the agriculture sector was clearly reflected on the GDP. The main aim of the paper is to examine the status of Indian economy during British rule in India. The study was based on the secondary sources of data. The study revealed that the before the invasion of British rule India exported finished goods and imported raw materials. After the changes in the agricultural policies, which were directed to grow specific crops, India became the importer of finished goods and exporter of raw materials mainly to Britain and Indian cotton textile Industry suffered a lot.