Advertisement

India’s Economy Under the Rule of the East India Company and the British Crown

  • Raghbendra Jha
Chapter

Abstract

This chapter considers the Western invasion and occupation of India. First, invasions by the French and the Portuguese are considered, but because the British were the overwhelmingly most significant colonial power in India the chapter is primarily confined to an analysis of the economic effects of British colonial rule. As part of this, a brief account of the expansion of British rule in India is given. Some impacts of colonial rule are discussed, in particular the phenomenon of deindustrialization. Some estimates and an analysis of the economic drain from India during British rule are provided. This is followed by an examination of land tenure systems and, finally, of famines.

Keywords

French and Portuguese invasions East India Company Doctrine of lapse Deindustrialization of India Economic drain from India Land tenure systems 

References

  1. Anderson, G., and M. Subedar. 1918. The Expansion of British India, The Last Days of the Company, A Source Book of Indian History. London and Norwich: The Press.Google Scholar
  2. Arnold, D. 1994. The Discovery of Malnutrition and Diet in Colonial India. Indian Economic and Social History Review 31 (1): 1–26.CrossRefGoogle Scholar
  3. Bagchi, A. 1976. Deindustrialization in Gangetic Bihar 1809–1901. In Essays in Honor of Prof S.C. Sarkar, ed. B. De et al. New Delhi: People’s Publishing House.Google Scholar
  4. ———. 1982. The Political Economy of Underdevelopment. New Delhi: Cambridge University Press.Google Scholar
  5. Bandyopadhyay, S. 2004. From Plassey to Partition: A History of Modern India. New Delhi: Orient Longmans.Google Scholar
  6. Basham, A. 1967. The Wonder that Was India. London: Picador.Google Scholar
  7. Brennen, L., J. McDonald, and R. Shlomowitz. 1994. Trends in the Economic Well-Being of South Indians under British Rule: The Anthropometric Evidence. Explorations in Economic History 31 (2): 225–260.CrossRefGoogle Scholar
  8. Burke, E. 2009. Selected Writings and Speeches. New Brunswick: Angus and Robertson.Google Scholar
  9. Carey, H. 1853. The Slave Trade, Domestic and Foreign: Why It Exists and How It May Be Erased. Philadelphia: A. Hart and C. Hart Publishers.Google Scholar
  10. Chaudhuri, K. 1982. Foreign Trade and Balance of Payments (1757–1947). In Cambridge Economic History of India, ed. Dharma Kumar. New Delhi: Cambridge University Press.Google Scholar
  11. Clark, C. 1950. Conditions of Economic Progress. 2nd ed. London: Macmillan.Google Scholar
  12. Clingingsmith, D., and J. Williamson. 2005. India’s Deindustrialization in the 18th and 19th Centuries. Harvard University Working Paper.Google Scholar
  13. Dalrymple, W. 2016. The Anarchy: How a Corporation Replaced the Mughal Empire, 1756–1803. New York: Bloomsbury and Knopf.Google Scholar
  14. Devereux, S. 2000. Famine in the Twentieth Century. IDS Working Paper, No. 105. University of Sussex.Google Scholar
  15. Dutt, R. 1902. The Economic History of India under Early British Rule: From the Rise of the British Power in 1757 to the Accession of Queen Victoria in 1837. London: Kegan, Paul, Trench, Trubner.Google Scholar
  16. Findlay, R., and K. O’Rourke. 2009. Power and Plenty: Trade, War and the World Economy in the Second Millennium. Princeton, NJ: Princeton University Press.Google Scholar
  17. Fisher, M. 1993. The Politics of British Annexation of India 1757–1857. New Delhi: Oxford University Press.Google Scholar
  18. Gopalan, C. 2013. The Changing Nutrition Scenario. Indian Journal of Medical Research 138: 392–397.Google Scholar
  19. Guntupalli, A., and J. Baten. 2006. The Development and Inequality of Heights in North, West, and East India 1915–1944. Explorations in Economic History 43 (3): 578–608.CrossRefGoogle Scholar
  20. HMSO. 1887. Statistical Abstract Relating to British India from 1876/7 to 1885/6. London.Google Scholar
  21. Heston, A. 1982. National Income. Chap. 4 in Cambridge Economic History of India: Vol. 2, ed. Dharma Kumar, 376–462. New Delhi: Orient Longmans for Cambridge University Press.Google Scholar
  22. Indian National Congress. 1930. Indian National Congress Declaration, 26 January 1930. Accessed 29 February 2016. http://www.willylogan.com/?page_id=175
  23. Keay, J. 2010. India: A History from the Earliest Civilisations to the Boom of the Twenty-First Century. Hammersmith, London: Harper Press.Google Scholar
  24. Kumar, D. 1982. The Fiscal System. Chap. 12 in The Cambridge Economic History of India, ed. D. Kumar. New Delhi: Orient Longmans for Cambridge University Press.Google Scholar
  25. Kumar, D., and T. Raychaudhuri, eds. 1983. The Cambridge Economic History of India. Vol. 2. New Delhi: Cambridge University Press.Google Scholar
  26. Lal, D. 2005. The Hindu Equilibrium. Oxford: Oxford University Press.Google Scholar
  27. Maddison, A. 2006. The World Economy. Vols. 1 and 2. Paris: OECD.Google Scholar
  28. Majumdar, S. 2012. India’s Late, Late Industrial Revolution. New Delhi: Cambridge University Press.CrossRefGoogle Scholar
  29. Marshall, P. 1976. East Indian Fortunes: British in Bengal in the Eighteenth Century. Oxford: Oxford University Press.Google Scholar
  30. McGill University. 2007. History of Democracy. Accessed 3 March 2016. http://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/h/History_of_democracy.htm
  31. Menon, K. 1992. Krishna Menon on Kashmir: Selected Speeches to the United Nations. Edited by E.S. Reddy and A.K. Damodaran. New Delhi: Sanchar Publishing House.Google Scholar
  32. Moosvi, S. 2000. The Indian Economic experience 1600–1900: A Quantitative Study. In The Making of History: Essays Presented to Irfan Habib, ed. K.N. Panikkar, T.J. Byres, and U. Patnail. New Delhi: Tulika.Google Scholar
  33. Mukherjee, M. 2010a. Churchill’s Secret War: The British Empire and the Ravaging of India During World War II. New York: Basic Books.Google Scholar
  34. ———. 2010b. India in the Shadows of Empire: A legal and Political History 1774–1950. Oxford: Oxford University Press.Google Scholar
  35. Naipaul, V.S. 2003. India: A Wounded Civilization. London: Vintage.Google Scholar
  36. Naoroji, D. 2010. Poverty and Un-British Rule in India. Delhi: Nabu Press Reprint of the book with the same title published in 1923.Google Scholar
  37. National Health Services. 2014. Kwashiorkor. Accessed 7 March 2016. http://www.nhs.uk/conditions/kwashiorkor/Pages/Introduction.aspx
  38. Ó Grada, C. 2009. Famine: A Short History. Princeton, NJ: Princeton University Press.Google Scholar
  39. Pattanayak, S., and E. Puttaiah. 2014. Analysis of India’s Quest for Ensuring Food Security. International Journal of Innovative Research and Development 3 (6): 313–319.Google Scholar
  40. Raychaudhuri, T. 1982. The Mid-Eighteenth Century Background. In The Cambridge Economic History of India, ed. D. Kumar, vol. 2, 3–35. New Delhi: Cambridge Univerrsity Press.Google Scholar
  41. Roy, T. 2000. The Economic History of India 1857–1947. New Delhi: Oxford University Press.Google Scholar
  42. Saini, K. 1969. The Growth of the Indian Economy: 1860–1960. Review of Income and Wealth 15 (3): 247–263.CrossRefGoogle Scholar
  43. Simmons, C. 1985. ‘Deindustrialization’, Industrialization, and the Indian Economy, c. 1850–1947. Modern Asian Studies 19 (3): 593–622.CrossRefGoogle Scholar
  44. Sutherland, J. 1908. The New Nationalist Movement in India. Atlantic, October.Google Scholar
  45. Thorner, D. 1962. Deindustrialization in India 1881–1931. In Land and Labor in India, ed. D. Thorner and A. Thorner. Bombay: Asia Publishing House.Google Scholar
  46. White, M. 2011. The Great Big Book of Horrible Things. New York: W.W. Norton.Google Scholar
  47. Zastoupil, L. 1994. John Stuart Mill and India. Stanford, CA: Stanford University Press.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Raghbendra Jha
    • 1
  1. 1.Arndt-Corden Department of EconomicsAustralian National UniversityActonAustralia

Personalised recommendations