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
Economy of India under Company rule Economy of India under Company rule The Economy of India under Company rule describes the economy of those regions (contemporaneously British India) that fell under Company rule in India during the years 1757 to 1858. The British East India Company began ruling parts of the Indian subcontinent beginning with the Battle of Plassey, which led to the conquest of Bengal Subah and the founding of the Bengal Presidency, before the Company expanded across most of the subcontinent up until the Indian Rebellion of 1857. A number of historians point to the colonization of India as a major factor in both