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
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