Unit-2 Imperialism - Its Effects

In this unit we intend to study the impact of Colonialism on Indian society in details.

Write in about ten lines the contribution of early nationalist leaders towards an understanding of colonialism.   

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Learning Pundits Content Team

Written on Apr 24, 2019 5:57:18 PM

Through the works of Dadabhai Naoroji, Mahadev Gobind Ranade, Romesh Chandra Dutt and many others who developed a school of Economic Nationalist analysis which highlighted some important features of India's experience under British Rule. Nationalist critics pointed out how drain in these different forms impoverished this country and increased the economic gap between India and England which was the destination of the drain of wealth. The idea of Free Trade and laissez faire, nationalists contended, led to a tariff and industrial policy which stifled the possibilities of growth of industries in British India. Consequently, India became "the agricultural farm" of industrial England. They also pointed out how British regime brought about the destruction of the small-scale industries of India, a process that in more recent times has been called de-industrialisation. Finally, an important part of the nationalist analysis of British economic policy in India was their criticism of government expenditure on the army, the police and other apparatus of government. The expenditure was so excessive that developmental investments were neglected.