British was not always about wealth plundering. It thought Indians many things which eventually helped India in its growth.
1.British introduced peace and order in the country.There was political stability in the country.Such economy would have caused economic development of the country but for the british outlook towards it,it was affected adversely.
2.As a result of peace and and order in the country,there was security to life and property of the people.
3.By destroying the old beliefs,customs,traditions,british introduced a new social outlook on material basis.such an order is the precondition for economic development.
4.There was a trend towards market economy during british rule in India.The inportant changes in the structure of commerce,agriculture,and industrial production,transport and communication,and social life took place.This has often been described as economic transition in India.
5.The development of the system of transportation and communication resulted in some social,economic and political advantage.socially and economically it helped in movement of men and material.Politically,it helped in unification,and strengthening the administration of the country.
6.The early industrial development of the Indian economy was due to british enterprise and capital.Some of our trditional industries like jute,plantations,and textiles owe their existence due to pioneering zeal and fostering efforts of certain British Managing Agency Houses.
- Though commercialisation of agriculture helped in generating marketable surplus,it benefitted only few farmers and commercial interest.Rather,for majority of farmers it created the problem of famines by destroying the self sufficiencyon the part of villages.problem of food shrtage was felt.this introduced an element of instability in agriculture.
- There was a huge growth in agricultural debt.The poverty of the farmers forces them to borrow money and express their inability to repay it.
- Change in system of land relation
- Lop sided pattern of industrial development: This effect was reflected in pattern of industrial employment and concentration of industries in few cities and towns,and was caused mainly by colonial character of our country.the composition of industrial output showed the dominance of consumer goods over producers and capital goods.
- Lack of development of certain basic and infrastructure industries.
- Greater role of British Capital: It was the foreign capital,particularly british capital,which was playing a leading role in the industrial development programmes in india.
- Decline of village handicrafts and slow growth of mordern industries affected the agriculture sector of economy.
During british rule in India our exports on an average exceeded imports.We no doubt had a surplus balance of trade,but this surplus did not result in economic development of the country.