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
Caste system in India self-rule for India, such as the previously ruling families Kallars and the Maravars in south India and non-loyal castes in north India such as Ahirs, Gurjars and Jats, were called "predatory and barbarian" and added to the criminal castes list. Some caste groups were targeted using the Criminal Tribes Act even when there were no reports of any violence or criminal activity, but where their forefathers were known to have rebelled against Mughal or British authorities, or these castes were demanding labour rights and disrupting colonial tax collecting authorities. The colonial government prepared a list of criminal castes, and all