India Office Records early 18th century, and eventually came to hold large swaths of land in the subcontinent. In the mid-18th century, the Company began to undertake a governmental role in large parts of India, in order to organize the nascent colony to better facilitate trade. In an effort to increase its own involvement in the administration of India, the British Government passed Pitt's India Act in 1784, which established the Board of Control to direct the East India Company in its governing role. In 1858, in the aftermath of the Indian Rebellion of 1857, the British government abolished the East India Company's
Economy of India under the British Raj Economy of India under the British Raj The Indian economy under the British Raj describes the economy of India during the years of the British Raj, from 1858 to 1947. During this period, the Indian economy essentially remained stagnant, growing at the same rate (1.2%) as the population. India experienced deindustrialization during this period. Compared to the Mughal Era, India during the British colonial era had a lower per-capita income, a large decline in the secondary sector, and lower levels of urbanisation. The subject of the economic impact of British imperialism on India remains disputable. The issue was raised by