This excerpt is from the <span>Declaration on the Granting of Independence to Colonial Countries and Peoples that was adopted by the General Assembly of the United Nations in December 1960 and it deals with the principle of colonization. They State that that to colonize a people you are denying them their basic human rights and that all people have the right to self-determination. The lack of some social, political or education aspect can not serve as an excuse for colonization. </span>
One negative consequence was that the British would take raw materials from India at a very low cost. They would then sell them for much higher. This took away a lot of business from the Indians.