History of Bombay in independent India The city was, first and foremost, built and developed by an Britishers Then Migrants From Gujarat Came For industrial and commercial bourgeoisie consisting of Parsis, Gujarati Hindus, Muslims communities earning their wealth on the extensive Arabian trade. The expanding labour force in Bombay was initially drawn from the coastal belt of Konkan, south of the city. Until the 1940s, Marathi speakers from these areas accounted for 68% of the city's population, and held mostly jobs. After India's independence from British rule on 15 August 1947, the territory of Bombay Presidency retained by India after the partition was restructured into Bombay
Colonial surplus Colonial surplus A colonial surplus is a way of measuring the effects of the relationship between colony and metropolis. A colony, in the sense of a region being ruled by a foreign overseas power, was in a different position from that of an independent country. As Maddison remarked some time ago of India, ‘The major burden of foreign rule arose from the fact that the British raj was a regime of expatriates.’ Such expatriates generate a flow of funds out of the colony. Something similar would have occurred in Latin America during the post-Spanish period of ‘informal rule’ by British