By, Srishti Menon, Editor-in-Chief Introduction Colonialism has a complex and far-reaching impact on the economic, political, and social development of its colonies. One of the most prominent voices to advocate for an understanding of the economic consequences of colonialism was Dadabhai Naoroji, an Indian intellectual and political leader. Naoroji's Drain Theory posited that British colonial [...]
Category: Indian Economy
Tea, Taxes, and Treasures: How the British Raj Built an Empire on Chai
By Shreya Srikoti, Deputy Editor The sunsets over the rolling hills of Assam hold more than just natural beauty; they bear witness to a chapter of history where a simple leaf transformed into a powerful tool of imperial power and economic dominance. The British colonial administration's strategic cultivation of tea in India was no mere [...]
WERE THE BRITISH GOOD ECONOMISTS?
A REVIEW OF THE MONETARY POLICY OF COLONIAL INDIA By Deputy Editor Ekanshi Makheja It would be baseless to start a discussion about monetary policy without talking about the protagonist of our story viz MONEY. We must first wrap our heads around how the Indian rupee came into being. Behind the smiling face of Mahatma [...]
Alternate History: An India without Colonialism
By Vedika Sakhardande, Deputy Editor British colonialism in India is accredited with globalizing the Indian economy and building modern cultural institutions and forms of social structures that put it on the path to growth. This colonial encounter is perceived as a defining moment in India’s history and in the eyes of some critics an encounter [...]