Question

What are the economic costs to the Indian people from India being ruled by British?

Answer 1

The economic costs to the Indian people as a result of India being ruled by the British include the inability to control their markets especially in regards to prices of exports and wages paid to workers. Other losses include the loss of revenue from taxes and tariffs that instead went to the British Government. There were also a number of other losses that were incurred as a result of colonialism in India.