Economic Policies
The first phases were characterized by mercantilism. This phase was marked by the drain of wealth from India and direct colonial plunder by the East India Company through monopoly in trade and its other policies. When did the First Phase start?
-- It started after the Battle of Plassey in 1757 and continued till 1813
The second phases which started in 1813 and continued till 1858. The period saw the deindustrialization and realization of India and the commercialization of Indian agriculture. What characterizes it?
-- It was characterized by free industrial capitalism
The third phases started from the closing years ....
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