Indian Economy on The Eve of Independence

Question

What were the different methods of exploitation during the British rule?

Answer

The Britishers adopted different forms of exploitation, such as malpractices in trade, profitable import of British capital and enterprise, economic drain, employment of British nationals as administrators, stores purchase policy, manipulation of exchange rates, preferential tariffs favourable to Britain and exploiting India's resources for war. All these activities reduced India to a supplier of raw materials to British industries and the market for British goods.

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