William Digby estimated that from 1870 to 1900, £900 million was transferred from India. In the 17th century, India was a relatively urbanized and commercialized nation with a large export trade, … See more

The views of historians and economists
In the 17th century, India was a relatively urbanised and commercialised nation with a buoyant export trade devoted largely to See more

The history and development of the Indian Ordnance Factories is directly linked to the British Raj in India. The East India Company considered military hardware to be a vital element for securing their economic interest in India and for increasing their … See more

Between 1860 and 1914, agriculture grew by expanding the land frontier which became more difficult after 1914.
The entrepreneur Jamsetji Tata began his industrial career in 1877 with the Central India Spinning, Weaving, and Manufacturing … See more

The British Raj invested in infrastructure including canals and irrigation systems. The Ganges Canal reached 350 miles from Haridwar to Cawnpore, and supplied thousands of miles of distribution canals. By 1900, the Raj had the largest irrigation system in the … See more

British investors built a modern railway system in the late 19th century, which became the fourth largest in the world at the time. The government was supportive of the railways, realizing their value for military use and economic growth, and they were designed … See more

The worldwide Great Depression of 1929 had little direct impact on India, with only slight impact on the modern secondary sector. The government did little to alleviate distress, and was focused mostly on shipping gold to Britain. The worst consequences … See more