The economic policies pursued by the colonial government in India were concerned more with the protection of the economic interests of their home country than with the development of the Indian economy. Such policies brought about a fundamental change in the structure of the Indian economy i.e., transforming the country into a supplier of raw materials and consumer of finished industrial products from Britain.Impacts of these policies:

• Agriculture practices remained backward.
• India became the net supplier of raw materials and consumer of finished goods from Britain.
• Insignificant growth in GDP.
• Low National and Per Capita Income.
• Lack of Industrialization.