Impact of Indian Commercialisation
Economic Changes:**
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- Shift to Cash Crops: Indian commercialization during the colonial period led to a focus on cash crops such as cotton, indigo, and jute. This shift altered traditional agricultural practices and had significant economic implications, including increased dependence on global markets and fluctuations in crop prices.
- Market Integration: Commercialization integrated Indian markets into the global economy. Traditional local markets were expanded and linked with international trade networks, leading to increased economic activity but also greater vulnerability to global market trends.
Social and Economic Implications:
- Economic Disparities: The commercialization of agriculture and industry often exacerbated economic disparities. While some regions and communities benefited from trade and economic opportunities, others faced exploitation, land alienation, and economic hardship.
- Changes in Social Structures: The shift towards commercialization affected traditional social structures. New economic classes emerged, and traditional systems of landholding and agriculture were disrupted, leading to social changes and conflicts.