Colonial Impact On The Indian

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land revenue (generally in kind) and the purchase of a few necessary things from the town nearby. The farmer raised only those crops, which he needed for his own use and shared the same with the village artisan who supplied him with simple manufactures that he needed for his domestic consumption. Means of communication were of a primitive type. Therefore, trade in agricultural produce, was somewhat limited. The farmer usually raised enough produce to feed himself and the non-agricultural members of the village community. If his crop yielded more than the consumption needs, due to favorable climatic conditions, he stored that surplus for use in the lean years. Storage of food grains was a common practice among the pre-colonial agriculturists and constituted, under these conditions, the only remedy against famines.
In spite of the fact that the Indian villages were largely self-sufficient units and the means of communication were primitive, India enjoyed extensive trade both within ...

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Secondly, India's foreign trade suited its requirements very well. In other words, the commodity pattern, so important to any country's foreign trade, was in India's favor. India exported the items it specialized in and imported the ones it needed.
As discussed above India was a land of extensive manufactures. Indian artisans were famous for their skills the world over. In fact the reason for India's favorable foreign trade was its excellence in indigenous production. India indulged in a large-scale manufacture of cotton and silk fabrics, sugar, jute, dyestuffs, mineral and metallic products like arms, metal wares and oil.
India, towards the end of the 18th century was undoubtedly one of ...

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