History of the British Raj into being, with Muhammad Ali Jinnah sworn in as its first Governor General in Karachi. The following day, 15 August 1947, India, now a smaller "Union of India", became an independent country with official ceremonies taking place in New Delhi, and with Jawaharlal Nehru assuming the office of the prime minister, and the viceroy, Louis Mountbatten, staying on as its first Governor General. History of the British Raj The history of the British Raj refers to the period of British rule on the Indian subcontinent between 1858 and 1947. The system of governance was instituted in 1858 when the rule
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