Finance, Forex and Investments

Discuss the varios stages of colonialism in india.what was its impact on indian economy?

I have need a descriptiopn on it can any one help me?

Public Comments

1. In the year 1700 India contributes 24.4% of the world economy and was only the second biggest in the world, this is before colonialism. When the last europien British left india, the GDP of india in 1950 is 4.2% of the world economy. Means India will become poor by about 6 times what it was. Whare as Europe, north america, japan and Russia move fast. Europiens mainly British won so many wars with the help of strong Indian millitery including WW I and WW I I . They make rails, roads, to exlpore the mineral from India which was essential to run their industries. And never allow to enter in industrial revolution. for more detailed economical history hit the link below. If want to know anything , any knowledge search in the page its free encyclopedia.