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Bose, Sumit (1993), Peasant Labour and Colonial Capital: Rural Bengal since 1770 (New Cambridge History of India), Cambridge and London: Cambridge University Press.. Broadberry, Stephen; Gupta, Bishnupriya (2007), Lancashire, India and shifting competitive advantage in cotton textiles, 1700–1850: the neglected role of factor prices
A map of British India in 1909. The Great Depression in India was a period of economic depression in the Indian subcontinent, then under British colonial rule.Beginning in 1929 in the United States, the Great Depression soon began to spread to countries around the globe.
Colonial India was the part of the Indian subcontinent that was occupied by European colonial powers during and after the Age of Discovery. European power was exerted both by conquest and trade, especially in spices .
A number of historians point to the colonization of India as a major factor in both India's deindustrialization and Britain's Industrial Revolution. [1] [2] [3] The capital amassed from Bengal following its 1757 conquest helped to invest in British industries such as textile manufacture during the Industrial Revolution as well as increase British wealth, while contributing to ...
The Company Rule in India refers to areas in the Indian subcontinent which were under the rule of British East Indian Company.The East Indian Company began its rule over the Indian subcontinent starting with the Battle of Plessey, which ultimately led to the vanquishing of the Bengal Subah and the founding of the Bengal Presidency in 1765, one of the largest subdivisions of British India.
British colonial rule has been blamed for the subsequently dismal state of British India's economy, with investment in Indian industries limited since it was a colony. [152] Economic decline in India has been traced to before British colonial rule and was largely a result of increased output in other parts of the world and Mughal disintegration.
In terms of the longer lasting effects and legacies of the economic impact of the British Raj, the impact predominantly stems from the irregular investment of areas of infrastructure. Simon Carey explains how the investment into Indian society was 'narrowly focused' and favoured the growth of transportation of goods and workers. [ 8 ]
Gangnauli is a village in Saharanpur district in the Indian state of Uttar Pradesh. [2] The village is known for being very poor, & also known as the "Village with One Sick Member Per House". The reason to this is drinking polluted water.