History of the British Raj into being, with Muhammad Ali Jinnah sworn in as its first Governor General in Karachi. The following day, 15 August 1947, India, now a smaller "Union of India", became an independent country with official ceremonies taking place in New Delhi, and with Jawaharlal Nehru assuming the office of the prime minister, and the viceroy, Louis Mountbatten, staying on as its first Governor General. History of the British Raj The history of the British Raj refers to the period of British rule on the Indian subcontinent between 1858 and 1947. The system of governance was instituted in 1858 when the rule
Economic history of India world leader in manufacturing, producing 25% of the world's industrial output up until the mid-18th century, prior to British rule. Due to its ancient history as a trading zone and later its colonial status, colonial India remained economically integrated with the world, with high levels of trade, investment and migration. India experienced deindustrialization under British rule, which along with fast economic and population growth in the Western World resulted in India's share of the world economy declining from 24.4% in 1700 to 4.2% in 1950, and its share of global industrial output declining from 25% in 1750 to 2% in