Economic Analysis

Read Complete Research Material



Economic Analysis

India was conquered by a private commercial company, the British Crown with all kinds of trade privileges which was provided by them. The territorial sovereignty and they also took over the powers of taxation. In many parts of the country they made ??the tax collector to owners, in turn, the property tax through a system of interim tenants, on the disenfranchised tenants rolled over. Century of industrialization, particularly in Britain took place in front of the textile industry. They even promoted it and increased the profits of East India Company served as a dual monopoly in India for the export of industrial raw materials and imported finished products. Indian textile manufacturers, by then the world leader in fine fabrics became expendable competitors. The result was a widespread de-industrialization and de-urbanization. The uprising of 1857 showed the limits of the business model of the company and their (UK) on their own working and people. The following year, the British crown, the three Presidencies of Madras, Bengal (based in Calcutta) and Bombay took over the region. (Chaudhuri, pp.120-140)

The early control of the Indian trade stood in the foreground, they were later taxes and in the 19th century. Over the century, factories, mines, railways, plantations (indigo, coffee, tea, rubber), and finally the emergence of jute and cotton industry were developed. The processing of agricultural raw materials on site offered all appropriate, where significant transport cost savings could be realized as the stoning of cotton and jute presses. India provided cheap raw materials and labour and also a market. This also reflects the influence of different groups in British India: According to the traders and adventurers were unlike the British colonies in Africa, America and Australia, India was not a settler colony. Apart from some plantations, the British had never been great interest in the land, as measured by the British Indian population; the numbers of people living in India are low. Only slowly it then was controlled by British traders and then also by the Indian - entrepreneurs to set up an industry. The first came in, everything in the Second World War in handy when India provided only hundreds of thousands of soldiers but did not realize the war effort and also delivered goods. In between came the world economic crisis, which India as a supplier of industrial raw materials particularly got struck entirely. Independence, rehabilitation and mixed economic order were all quite important. The question then came was the State and economy after independence should have the form of leaders of the independence movement - particularly Indian entrepreneurs. They wanted not only the political but also economic independence, since it would suffice not, government at the head of an independent India to have an elected and administrators (and officers) through its own forces to replace the British, but the commanding heights, the economy to fill Commanding Heights and the British management "Indian" companies were to take over. (Clark, pp.21-30)

In the last phase of the independence movement and before the ...
Related Ads