Practicing Success
How did the colonial policies transform India's economy? |
India became a major exporter of finished industrial products. India transitioned into a consumer of raw materials from Britain. India's agriculture sector saw unprecedented growth. India became a self-sufficient economy. |
India transitioned into a consumer of raw materials from Britain. |
The primary focus of the colonial government in India's economic policies was on safeguarding and advancing the economic interests of their home country, rather than fostering the development of the Indian economy. These policies had a profound impact on the structure of the Indian economy, leading to its transformation into a provider of raw materials and a consumer of finished industrial goods from Britain. |