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
British Mauritius British Mauritius British Mauritius was a British crown colony off the Southeast coast of Africa. Formerly part of the French colonial empire, the crown colony of Mauritius was established after a British invasion in 1810 and the subsequent Treaty of Paris that followed. British rule ended on 12 March 1968, when Mauritius became independent. Isle de France, which consisted of Mauritius and some other islands, had been under French rule since 1715. However, during the Napoleonic Wars, despite the French naval victory in the Battle of Grand Port on 20–27 August 1810, Mauritius was captured on 3 December 1810 by