{"id":29666,"date":"2024-08-14T15:06:57","date_gmt":"2024-08-14T09:36:57","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=docs&p=29666"},"modified":"2024-08-16T18:21:55","modified_gmt":"2024-08-16T12:51:55","password":"","slug":"the-phase-of-free-trade-1813-1858","status":"publish","type":"docs","link":"https:\/\/pwonlyias.com\/stage\/docs\/the-phase-of-free-trade-1813-1858","title":{"rendered":"British Economic Policy in India"},"content":{"rendered":"\n\n\n
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British Economic Policy in India: Exploitation, Free Trade Phase (1813-1858) and Its Impact on India’s Economy<\/b><\/span><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

British Economic Policy in India Impact: India’s Shift from Monopoly to Free Market (1813-1858)<\/b><\/span><\/h3>\n

This phase started with <\/span>the Charter Act of 1813 <\/a><\/b>when the British lost the monopoly of trading in India. This phase continued till the British crown took direct control of territories in India in 1858. <\/span>The mode of exploitation during this phase was Trade, thus it is also termed Colonialism of free trade.<\/b> In this phase, India became a market for British manufactured goods, especially Textiles. At the same time, the export of raw materials from India also increased.\u00a0<\/span><\/p>\n\n\n\n\n
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#PW-OnlyIas Edge<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n

Phases of British Economic Policy in India<\/b><\/p>\n

There are three broad phases of British Economic policy in India:\u00a0<\/span><\/p>\n