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The Role Of India In The 1700s

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ESPERATE TIMES IN THE WAKE OF RAJ:
The Search for an Autonomous Economic Policy (1947-1966)
In the pre-colonization period of the early 1700s, India’s economy accounted for nearly onequarter of the world’s economic output. India’s wealth under the Mughal and Maratha dynasties attracted traders and aspiring conquerors from Europe and elsewhere. India was a major factor in global trade, notably in textiles. (As an estimate, India's share of world income collapsed from
22.6% in 1700, almost equal to Europe's share of 23.3% at that time, to as low as 3.8% in 1952.)3
2
The European colonization of India began with Portuguese inroads in the 16th century. But it took off in earnest through the actions of Britain’s East India Company, which initiated
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The rule of the British Empire in the Indian subcontinent between 1858 and 1947 greatly affected the net economic status of India. Trade was the sole reason for the British East India company arrival in India, for the Industrial Revolution in Britain led to the increase in demand for raw materials in factories and India served as an efficient platform. However, as their influence started expanding, they created new policies and began to colonize India not only economically, but also socially and politically. Historians continue to debate whether the long-term impact of British rule in India was accelerating the economy or declining it. That being said, my paper is going to be assessing the positive and negative impacts on the Indian economy

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The British first took control of India in 1759, when the “East India Company,” a British corporation, used their private military to take advantage of the declining government of India, the Mughal Dynasty. After this, they exploited it for its natural wealth and imposed regulations on India’s people that helped profits, particularly after the British government got involved personally. Finally, after decades of protest and conflict, India gained independence in 1947 due to the efforts of activists such as Mohandas Gandhi and their supporters. As supporters of imperialism would argue, during this Britain maintained structured control, provided trade, and protected Indian culture. However, they restricted freedoms, imposed poverty, and destroyed

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