Impact of British Rule on Indian Economy

The Industrial Revolution has helped the English merchants accumulate a lot of capital from the countries of Asia, Africa and America. They now wanted to invest this wealth in setting up industries and trade with India. With this India became an economic colony of Industrial England.

Commercialization of Agriculture

Permanent Settlement

  • Lord Cornwallis introduced the Permanent Land Revenue Settlement of Bengal, which was extended to the provinces of Bihar and Orissa.
  • Under Permanent Settlement, annual lease system was abolished, and a decennial (Ten years) system was introduced. Following were the features of permanent settlement –
    • The zamindars of Bengal were ....
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Indian History