The transfer of control from the British…

The transfer of control from the British East India Company to the British crown accelerates the pace of development in India.

A great transformation takes place in the economy in the late nineteenth century.

The British authorities quickly set out to improve inland transportation and communications systems, primarily for strategic and administrative reasons.

By 1870 an extended network of railroads, coupled with the removal of internal customs barriers and transit duties, opens up interior markets to domestic and foreign trade and improves links between what is now Bangladesh and Calcutta.

India also finds itself within the orbit of worldwide markets, especially with the opening of the Suez Canal in 1869.

Foreign trade, though under virtual British monopoly, is stimulated.

India exports raw materials for world markets, and the economy iens quickly transformed into a colonial agricultural arm of British industry.