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Under the British rule, Indian economy became a poor and dependent economy mainly because of:
Decline in crafts
Commercialization of agriculture
Change in occupational structure and foreign trade
Food scarcity and famines
Under the British rule, Indian economy became a poor and dependent economy mainly because of change in occupational structure and foreign trade. Other Reasons: 1) The economic policies followed by the British led to the rapid transformation of India’s economy into a colonial economy whose nature and structure were determined by the needs of the British economy. 2) The basic economic pattern that of the self-sufficient rural economy, had been perpetuated. 3) There was a sudden and quick collapse of the urban handicrafts industry which had for centuries made India’s name a byword in the markets of the entire civilized world.
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