Study of Economic Impact of British Colonial Rule

Abstract

The British ruler's new land system also had a significant effect on the Indian economy. During the reign of the East India Company, the corporate administrations levied excessive rates on land revenues and thus achieved higher land returns. The British Government subsequently implemented the land settlement in 1793. In Bengal and other neighbouring regions, permanent settlement was established and eventually spread to other states. This settlement led to the establishment of zamindar systems, in which the zamindar collection and transfer of land income to the British authorities was carried out.