Economic Impact On India And The Civilization Of India

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Introduction India is the seventh-largest country by area and the most populous democracy in the world. India’s first people were those of the Indus Valley Civilization, who prospered during the 2nd and 3rd millenia BC. Throughout the next few centuries, India was home to many groups: the Aryans, Mauryans, and finally the Mughal Dynasty. In the 16th century the British East India Trading Company started establishing ports in India and by the mid 18th century the British Crown controlled the country. The British maintained this role for close to 200 years. (CIA World Factbook). The Human Development Index is a way to measure a countries development using variables such as life expectency, average income, and years of schooling. India’s HDI is 0.624. India is ranked as the 131st country out of a total of 188 (Human Development Report). Although ending over 60 years ago, British colonization still impacts India in the way the country economically, politically, and culturally functions today. Economy The British contributed to the loss of the textile industry in India, a once integral part of the Indian economy. For centuries India was a major exporter of materials such as cotton, linen, and silk. When the British arrived they were able to sell clothes to Indians at much cheaper prices, enticing Indians to buy British products, “In the period 1896-1913, imported piece goods supplied about 60 per cent of Indian cloth consumption, and the proportion was probably higher for most of
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