• Dr. G C Sadashivappa

“India was known for its richness and prosperity right from post and early Christian era. The records left by the western and eastern travellers compel us to believe this fact. The annals of Indian history tells us that, Indian dominated in world economic structure right from ancient period to early modern age. Her in this article we are trying to prove that the Indian economy was self sufficient and most developed compare to the rest of the world in ancient and medieval age. Different racial group of people got attracted to its economic prosperity migrated and settled here permanently. If we see the nature of foreign invasions, all most all invaders invaded India as foreigner, as time pass on they became more Indian then Indian themselves. It was because of this racial group of people India became most prominent economic power in international scenario and maintains it for long duration of time. In mid of the 18th century AD the British East India Company able to defeat the Indian ruler in Carnatic wars, battle of Plassey and Buxar. At the same time when this contest was going on in India, England was passing through the industrial revolution in eighteenth century AD. The mode of production change from manual to machine production and cost of production became cheap. Even after this change in mode of production, still Indian manufactured goods had good demand in rest of world. Using state machinery the British parliment and East India Company devised a strategy to curb the market supremacy of the India. The mercantile policy of west converted Indian industrial oriented Indian economy to agriculture economy. Under British India became most undeveloped country in the world. Our effort is to prove that it was not Indian inefficiency, but the oppressive industrial and economic exploitative policy of British makes India, most impoverish country in the world. The arguments are based on the exploitative nature of British, gradual decay and transformation of Indian economy from self sufficiency to dependency. Details reference of scholars like RC Dutt, R. K. Mukherjje, Judanad Sarkar, Dadabhai Nouroji, C Wilson Meghnad Desai, Daniel R. Headrick and other online sources are used in this article.”

"TRANSFORMATION OF INDIAN ECONOMY UNDER COLONIAL RULE: SELF SUFFICIANCY TO DEPENDENCY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 8, page no.b473-b479, August-2023, Available :http://www.jetir.org/papers/JETIR2308158.pdf

"TRANSFORMATION OF INDIAN ECONOMY UNDER COLONIAL RULE: SELF SUFFICIANCY TO DEPENDENCY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 8, page no. ppb473-b479, August-2023, Available at : http://www.jetir.org/papers/JETIR2308158.pdf