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The Indian Economy and the British Empire in the Company Period: Some additional reflections around an essay by David Washbrook

Published online by Cambridge University Press:  06 April 2017

CLAUDE MARKOVITS*
Affiliation:
Centre National de la Recherche Scientifique, Paris, France Email: claumark@club-internet.fr

Abstract

Taking as its point of departure David Washbrook's essay ‘The Indian Economy and the British Empire’, this article takes a more detailed look at some episodes in the history of British India in the era of the Company Raj, with a view to placing them within a broader imperial framework, as advocated by Washbrook. The first part of the article examines, through an array of case studies, the actual contribution made by the Company to ‘global’ British expansion, concluding that it invested a lot of (Indian) blood and money in ventures from which it derived little benefit, as in the case of the expeditions to Manila (1762), Ceylon (1795), and Java (1811). It is shown that the Company's interests were ultimately sacrificed to the necessity of maintaining the European balance of power through consideration of the colonial interests of minor European powers such as Portugal or the Netherlands. While the Company saw its interests thus overlooked in the ‘global’ imperial arena, it could not find compensation in increased economic activity in India itself. Although the compulsions of ‘military-fiscalism’ largely explain such an outcome, we should not lose sight of the role of Indian agency in limiting the Company's options, as is shown by a rapid look at the history of both labour and capital markets, which the Company did not succeed in bending completely to its needs.

Type
Research Article
Copyright
Copyright © Cambridge University Press 2017 

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References

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46 Thus Governor-General Lord Cornwallis wrote in a letter to the Duke of York on 10 November 1786: ‘The Sepoys are fine men and would not in size disgrace the Prussian ranks; I have heard undeniable proofs of their courage and patience in bearing hunger and fatigue, but, from the little I have hitherto seen of them, I have no favourable idea of their discipline.’ Correspondence of Charles, First Marquis Cornwallis, Vol. I, London, John Murray, 1859, pp. 235–236.

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55 They were particularly critical of the recruitment procedures, which they found characterized by ‘gross misrepresentation and deceit practised . . . by native crimps . . . employed by European and Anglo-Indian . . . shippers’, and denied that wages in Mauritius were higher than in India. Report of the Committee Appointed by the Supreme Government of India to enquire into the abuses alleged to exist in exporting from Bengal Hill Coolies and Indian Labourers of various classes to other countries, together with an appendix containing the oral and written evidence taken by the Committee and official documents laid before them, Calcutta, G.H. Huttman, Bengal Military Orphan Press, 1839, pp. 222–223.

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