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
Female infanticide in India 'statistical crime'", during the colonial rule of India. Aside from numerous reports and correspondence on infanticide from colonial officials, there was also documentation from Christian missionaries. who were significant writers of ethnographies of India during the 19th century. They sent letters back to Britain announcing their missionary accomplishments and characterising the culture as savage, ignorant and depraved. Scholars have questioned this distorted construction of Indian culture during the colonial era, stating that infanticide was as common in England during the 18th and 19th century, as in India. Some British Christian missionaries of the late 19th century, states Daniel Grey, wrongly