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01/04/1869 India imposed income tax


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India imposed income tax with variable rates for different ranges of income. The Indian economy during the British colonial era remained stagnant, growing at the same rate as the population.
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    • Economic impact of British imperialism 

    • Absence of industrialisation 

    • Indian Ordnance Factories 

    • Agriculture and industry 

    • Irrigation 

    • Railways 

    • Depression