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
Prostitution in colonial India of British India. As seaports became more prominent in India, more European women immigrated to serve as prostitutes. Many British authorities tolerated the immigration of European prostitutes in the hope that men would engage in sex with them, instead of Indian women. Although, state-regulated prostitution was seen as a necessity to satisfy sailors and soldiers, European women constituted another racial crisis for the British authorities, giving rise to fears about sexual intercourse between “native” males and white women. They perceived this type of sexual interaction as undermining to colonial hierarchies based on class and race. They were even more anxious