Under colonial dispensation, what were the economic policies of the government concerned with?

Development of indigenous industries in England

The correct answer is Option 3: Development of indigenous industries in England

Under colonial rule, the economic policies of the British government were primarily focused on the development of British industries and the economic interests of Britain. This involved using colonies like India as sources of raw materials and markets for British manufactured goods. Therefore, the emphasis was on the development of indigenous industries in England rather than in the colonies themselves.

"The entire purpose of Britishers was to exploit the Indian economy for its own economic benefit. Thus, it framed the policies to serve its selfish interests that included development of the European economy at the time when industrialization process was going on."