Cheap and machine-made imports flooded the Indian market after the Charter Act of 1813 allowing one-way free trade for the British citizens. On the other hand, Indian products found it more and more difficult to penetrate the European markets.
The British wanted to colonize India mainly because of its abundant natural resources and raw materials. The British also used imperialism as a way to inspire nationalism within Britain and as a way to spread European beliefs and religions.
"So long as there is imperialism in the world, a permanent peace is impossible." Hassan Nasrallah
Economic impact of the British rule in India was large. The motive that the British had to establish political control in India was mainly associated with the exploration of economic and commercial conditions of the country.
After a control of two hundred years the British completely shattered the economic set up of India.
As a result, after he independence, the scenario of the country was that of an economically underdeveloped nation prevailing with hunger, poverty, low national income, and other things.
"THE TRUTH IS THAT NEITHER BRITISH NOR AMERICAN IMPERIALISM WAS OR IS IDEALISTIC. IT HAS ALWAYS BEEN DRIVEN BY ECONOMIC OR STRATEGIC INTERESTS." CHARLEY REECE