The Rise of the East India Company

This chapter explores the historical context of the East India Company's emergence during the 18th century, highlighting its acquisition of power over Bengal, Bihar, and Orissa. It examines the shift of economic dominance from local Indian industries to British manufacturers and the pivotal role played by intrepid entrepreneurs in rallying investment. Additionally, it discusses the early competitive dynamics among European powers and the innovative business models of the time that enabled such colonial ventures.