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How Did The British Affect Indian Economy

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Back to the time of the Silk Road, India had become a special place where the European powers had come to desire because it was located in the middle, between Europe and China. By the 1700s during the Battle of Plassey, the British had colonized India and turned it into their second home. The British East India Company took over India but not all the Indians believed that the British belonged there. In India, the British had made changes that affected the economy, the government and the social lifestyle of the people. These changes were both positive and negative. The beneficial impacts were changing the government the Indians already had by allowing more choices, increasing the economy, and lastly providing education. Even though the British …show more content…

As the British took control of India, it found ways to make India better and with its help, soon enough, India was placed as the second best economy under the British economy (British 12). India’s economy and trade had improved tremendously after the British took over because there was more money coming into India to cause such a rise in its economy. The British also built railroads which created more ease when transporting goods and trading throughout India. The railroads allowed supplies and goods to be exported quickly, bringing it to the ports. Goods that would usually take months to be traded with others now only took a few days with the installment of railroads (Fisher 348). The railroads in India impacted everyone not just the merchants and businessmen in India. But, it was especially beneficial for them because now they could make deals and have goods be transported to them without a long wait. Nevertheless it seem to be that with these new installments India could run smoothly but eventually a problem came along the way. The British did not allow Indians to make their own goods, they banned homemade crafts and since most of India was out of work, the Indians turned to the fields. Work was hard and there were certain goods they needed like clothes so they had to buy it from the British since they could no longer make it themselves from the cotton they collected. Craftsmen became farmers to pay for goods and live a stable life (Bose 53). The British had wanted to get rid of the competition for goods so they decided they want to prevent the Indians from making their own goods. That way if the Indians needed something they can only get it from the British (Bose 53). This led to economic downfall for the Indians because while they were not doing great before the British came, their economy was pretty

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