Mains Paper II · 1 Indian Economy · 1.3 Growth and development

1.3.3 Colonial economy: drain of wealth, deindustrialisation and India on the eve of independence

British rule drained India's surplus to Britain, destroyed its handicrafts, kept agriculture stagnant and left the economy poor, agrarian and unevenly developed in 1947.

  • APPSC Group 2 · Mains Paper II
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • drain of wealth
  • Dadabhai Naoroji
  • R.C. Dutt
  • deindustrialisation
  • commercialisation of agriculture
  • Permanent Settlement
  • home charges
  • famines
  • Partition
  • colonial economy

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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