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
Legislatures of British India between 1958-1962, 1969-1973, 1977-1985 and 1999-2002. Bangladesh underwent presidential rule, martial law and semi-presidential government between 1975 and 1990; while emergency rule was imposed between 2007 and 2008. Today, the federal republic of India and its 29 states; the federal republic of Pakistan and its four provinces; and the unitary republic of Bangladesh; all have parliamentary governments, largely derived from the Westminster tradition. Legislatures of British India The Legislatures of British India included legislative bodies in the presidencies and provinces of British India, the Imperial Legislative Council, the Chamber of Princes and the Central Legislative Assembly. The legislatures were created