INDIAN HISTORY

Detailed explanation-1: -The first idea of economic exploitation during the British rule was introduced by Dadabhai Naoroji in his letter England’s Debt to India. It exposed the British disgusting policy and Dadabhai Naoroji condemned the British policy in India by estimating the per capita income of India in the Unbritish Rule in India.

Detailed explanation-2: -During the colonial rule, the British government owned the monopoly power over India’s foreign trade. The British government used the trade policy according to the interests of their home country. The exports and imports transactions were restricted only to India and Britain.

Detailed explanation-3: -The economic policies adopted by the colonial government in India focused on exporting raw materials from India and importing finished goods from Britain. It was planned to make Britain an important part of the growing global economy and develop India as its market.

Detailed explanation-4: -1. Refers to the economic system formulated by the British to draw upon the natural resources of the Indian Subcontinent. Learn more in: Exploring Landscapes in Regional Convergence: Environment and Sustainable Development in South Asia.