Another major economic problem for India was the collapse of the Mughal rule culminating in the early 18th Century. Historians had debated just how much this mattered for the Indian economic prosperity. The traditional view is that the collapse of the Mughal rule led to quite a bit of disorder in India which led to higher trade barriers and more prone to foreign invasions. But in general, India was the last of a single coherent economic unit. There have however been subsequent accounts which suggest the collapse of the Mughal rule was not in every way a total disaster but still, a balanced perspective seems to suggest that the collapse of Mughal rule really did bring some serious economic problems for India. If one looks at the data for the grain wages, they start to decline in the late 17th Century and this decline continues throughout most of the 18th Century. The problems became much worse during the early 19th Century. With the Industrial revolution of Britain, the rising productivity of the British textile industry and combine with that, the British takeover of India. And all of a sudden, the British Textile mills were more productive and offered a cheaper product. To make matters worse, parts of the world such as Latin America, the United States, Australia, Canada and New England all put stiff tariffs on foreign …show more content…
Although the British rule led to many evil and deadly losses for the Indian economy and the people as a whole, the British rule also had some positive and developmental impacts on India too. Although their rule could not lift poverty out of India, not avert famines, it did gives democracy, the rule of law and an independent judiciary and a free press. It also built and improved the means of transport and communication like improved connectivity in the means of Roadways, Railways, Canals, Telegrams and Harbours etc. It also gave India a hundred years of peace - The Pax Britannica. Britain gave India modern values and institutions, but it does not interfere with its ancient and traditional norms and values except for some that was really necessary and imparts an evils of Humanity such as the Sati System etc. and as a result India has preserved its spiritual