Economic history of India Indian reserve Bank held a positive balance of £1160 million, with it, on 14 July 1947, and that British India maintained a trade surplus, with the United Kingdom, for the duration of the British Raj eg. Source: Indian sterling balances, p. 2, 15 Jan.1.1947, Bank of England (BoE), OV56/55. Modern economic historians have blamed the colonial rule for the dismal state of India's economy, with investment in Indian industries limited since it was a colony. Under British rule, India's native manufacturing industries shrank. During the British East India Company's rule in India, production of food crops declined, mass impoverishment and
Theatre of India most completed document. Most of Indian theatre had no scenery. There was usually a few props like a brass lamp. When the concept of “Theatrical Art” was introduced medieval India was narrating poems. Bhakti poetry became popular. During medieval India Bhavabhuti was a famous dramatist, he had three portent plays Malati-Madhava, Magviracharita and the Uttar Ramacharita. Under British colonial rule, modern Indian theatre began when a theatre was started in Belgachia. One of the earliest plays composed and staged during this period was Buro Shalikher Ghaare Roa (1860) by Michael Madhusudan Dutt, both in Bengali. Around the same time, Nil