History of Bombay under British rule 1947, finally India was declared independent. The last British troops to leave India, the First Battalion of the Somerset Light Infantry, passed through the arcade of the Gateway of India in Bombay on 28 February 1948. The 282-year-long period of the British period in Bombay ended after India's Independence in 1947. History of Bombay under British rule The History of Bombay (earlier known as Bombay) under British rule recounts the development of Mumbai into a modern port and city. On 18 January 1665, King Charles granted Humphrey Cooke the possession of Bombay. However, Salsette, Mazagaon, Parel, Worli, Sion, Dharavi, and
Economy of India under the British Raj economy of early 20th-century British India (11.2%). In terms of urbanization, Mughal India also had a higher percentage of its population (15%) living in urban centers in 1600 than British India did in the 19th century. A number of 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 experienced deindustrialization: the decline of India's native manufacturing industries. The economic policies of the British Raj caused a severe decline in the handicrafts and handloom sectors, with reduced demand and dipping