Is it correct to say that the Indian economy was turned into a

indian-economy

#1

Is it correct to say that the Indian economy was turned into a colonial economy by the Britishers?


#2

Because of the following reasons it can rightly be said that the about statement is true
(i) It had a typical pattern of trade of the colonial economy i.e., it was exporting raw materials and importing manufactured goods.
(ii) Foreign capital was controlling the major sectors of our economy i.e., banking, insurance and trade.