f9488a8cf8 Home charges were the cost of salaries and pensions of the company officials in India, which were charged on the treasury of India. .. Effects of British Rule on economic conditions: The British rule stunted the growth of Indian enterprise. It stated major components of this drain in form of salaries and pensions of civil and military officials, along with interests and loans taken by the Indian Government from abroad. With theIntroduction of Railways in 1853, and Post and Telegraph being introduced in year 1853 as well. The policies followed by the company rule brought about a fundamental change in the structure of the Indian economy, transforming India into a supplier of raw materials and a consumer of finished industrial products from Britain. By Ajitomghyan 2016-07-05T23:15:52+00:00 April 14th, 2016History0 Comments Related Posts Permalink Gallery Surat Split Notes -Modern history notes For SSC,UPSC,CDS,NDA Permalink Gallery Dandi March Notes Indian Modern history Notes -IAS,SSC Permalink Gallery Kakori Conspiracy Notes Pdf Download Modern History Permalink Gallery Dandi March Pdf Download Indian Modern history Notes Permalink Gallery World History notes IAS pdf Download free UPSC Mains 2016 -17 Leave A Comment Cancel reply Comment Enter your email address:Delivered by studydhaba.com Recent Comments NIOS Environment Notes Pdf IAS Prelims And Mains Exam 2017 October 15th, 2016 Mrunal September 2016 Current Affairs Pdf -Indus Water Etc October 14th, 2016 Top 200 Geography Questions Pdf Download -IAS Mains October 14th, 2016 Mistakes to avoid regarding IAS mock tests Byjus October 13th, 2016 Culture of Banning In India Hot topic For UPSC Mains October 13th, 2016 India three stage Nuclear Power Program Notes UPSC Mains October 13th, 2016 Surat Split Notes -Modern history notes For SSC,UPSC,CDS,NDA October 13th, 2016 Global hunger index 2016 india rank -India Ranked 97 /118 October 13th, 2016 India ranking different Indexes 2016 pdf -India Ranking October 12th, 2016 HOW TO READ THE HINDU Tips To read the hindu News paper October 12th, 2016 Ajitomghyan says: Link Available aakriti sharma says: plz provide the link to download indian economy by ramesh singh mahaveer pareta says: Please sir send me current gk affaires in hindi abhishek redkar says: Thank you For Providing This book. Third phase was : Financial phase (1860 onwards) After the British consolidated their position in India they converted India into a market for British manufacturers while still being a supplier of foodstuffs and raw materials. They imposed heavy imports duty on the Indian products exported to England in order to discourage them in the British market. These subsidies were also financed from Indian treasury.
Hefty interests were paid to these British investors leading to drain of wealth. Following were the constituents of Drain of Wealth:To Download This File Click On The Download Link Given Here - Download Now The money extorted by company servants from various rulers, zamindars, merchants as well as the common man was sent to Britain. These products manufactured in India had a worldwide market due to fine quality of material used and high standards of craftsmanship employed in the exported products. In the second half of the 19th century, modern machine based industry started coming up in India. Your browser doesn't accept cookies. Second phase was: Industrial phase (1813-1858) With development of British industries, India was exploited by its colonial masters as a market for British goods. This led to loss of Indian market and foreign market for traders of the country. These policies hampered income and employment potential within India. With coming of British colonialism in India, the economic policies followed by British were more concerned about protection and promotion of the economic interests of their own country rather than development of Indian economy under British rule.