Since the Britishers had their vested interests in India, that could be seen in the economic policies implimented which meant only to promote their economy at the cost of India’s economy.
The impact of the policies resulted into a major change in the structure of the Indian economy:
1. Transformed the country into a net supplier of raw materials and the consumer of the finished industrial products from Britain.
2. The agricultural sector continuously faced stagnation and enormous deterioration. Agricultural productivity become incrementally low.
3. No modern industrial base was allowed to come up. The policies meant to systematically deindustrialise the country.
4. India’s world-famous and centuries old handicraft industry perished due to the policies layed by colonial rule.
5. Due to all the above factors, the level of unemployment increased.
6. India’s foreign trade was mostly restricted to Britain
