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
Islam in India style (1191 to 1557CE); the provincial style, encompassing the surrounding areas like Ahmedabad, Jaunpur and the Deccan; and the Mughal architecture style (1526 to 1707 CE). Certain civil matters of jurisdiction for Muslims such as marriage, inheritance and waqf properties are governed by the Muslim Personal Law, which was developed during British rule and subsequently became part of independent India with some amendments. Indian Muslim personal law is not developed as a Sharia Law but as an interpretation of existing Muslim laws as part of Common Law. The Supreme Court of India has ruled that Sharia or Muslim law holds