Danish India negotiated a settlement with the Nayak. Kongsbakke's reports, sent to Denmark via other European vessels, finally convinced the Danish government to relieve him. The frigate "Færø" was dispatched to India, commanded by Capt Sivardt Adelaer, with an official confirmation of his appointment as colony leader. It arrived May 1669 — ending 29 years of isolation. Trade between Denmark and Tranquebar now resumed, a new Danish East India Company was formed, and several new commercial outposts were established, governed from Tranquebar: Oddeway Torre on the Malabar coast in 1696, and Dannemarksnagore at Gondalpara, southeast of Chandernagore in 1698. The settlement with
Economy of India under the British Raj Economy of India under the British Raj The Indian economy under the British Raj describes the economy of India during the years of the British Raj, from 1858 to 1947. During this period, the Indian economy essentially remained stagnant, growing at the same rate (1.2%) as the population. India experienced deindustrialization during this period. Compared to the Mughal Era, India during the British colonial era had a lower per-capita income, a large decline in the secondary sector, and lower levels of urbanisation. The subject of the economic impact of British imperialism on India remains disputable. The issue was raised by