Author:

Dr. Pabitra Kumar Barman
Associate Professor & Head
Department of Political Science
Kaliyaganj College
Uttar Dinajpur, West Bengal, India

Email: pabitrabarman8@gmail.com

Abstract: The impact of the East India Company’s rule on the Indian economy was clear and profound. This impact is clearly visible in almost every aspect of the economic life of Indians. The economy followed by the British government was traditional. The Indian economy was transformed into a colonial economy, the nature and structure of which depended on the needs of the British economy. In this respect, the nature of the British invasion of India was different from other foreign invasions of the previous era. The previous foreign conquerors had destroyed the then state powers of India, but did not change the basic basis of the economic structure of India and gradually they merged with the political and economic flow of India. The traditional life of the various classes of Indian farmers, artists and merchants remained more or less the same. Before the British rule, the basic basis of the economic life of India was the self-sufficient rural economy and it continued. But the customs and policies of the British conquerors were of a completely different nature. They completely destroyed the traditional economic structure of India. In India, they were foreigners and their only aim was to exploit Indian resources and take them to their own country. Their economic exploitation continued indiscriminately in the interests of the British trade, commerce and industry. Under British rule, an economic and social revolution began in India, which resulted in the dissolution of traditional institutions and the emergence of a new social order.

Key Words: East India Company, Economy,Revenue Settlement, Trade and Industry etc.