The Devastating Impact of British Colonial Rule on India's Economy

:chart_with_upwards_trend:India's share in the world economy was 27% in 1700, but dropped to less than 3% after 250 years of British colonial rule.

:man_factory_worker:India was a manufacturing powerhouse, known for its textiles, shipbuilding industry, and metal working.

:money_with_wings:The British imposed exploitative trade restrictions and monopolies, extracting India's wealth for their own benefit.

:busts_in_silhouette:Millions of Indians were driven into poverty as their industries were destroyed and they were forced into agriculture.

:rescue_worker_helmet:British taxes were exorbitant, often exceeding farmers' income, leading to widespread suffering and landlessness.

What was India's share in the world economy before British colonial rule?

—In 1700, India had a remarkable 27% share in the world economy.

How did British colonial rule impact India's industries?

—The British imposed monopolies, trade restrictions, and high taxes, leading to the systematic destruction of India's industries.

What were the main industries in pre-colonial India?

—India excelled in textiles, shipbuilding, and metalworking, with a global reputation for high-quality goods.

How did British taxes affect Indian farmers?

—British taxes were extreme, often exceeding farmers' income, resulting in widespread poverty and landlessness.

When did India gain independence from British colonial rule?

—India gained independence in 1947 after nearly 200 years of British colonial rule.

00:00In the 18th century, India's share in the world economy was an impressive 27%.

04:35India was known for its thriving textile industry and high-quality goods.

05:58British colonial rule imposed trade restrictions and monopolies, dismantling Indian industries.

07:13High taxes and exploitative policies led to widespread poverty and the destruction of Indian livelihoods.

09:59By the time India gained independence in 1947, its economy had been severely weakened and de-industrialized.