How did the end of the East India Company's rule bring in grave economicperils in India?

The end of the East India Company's rule in India brought about grave economic perils due to several reasons:

1. Deindustrialization: The East India Company's rule led to the deindustrialization of the Indian economy. The British policies were designed to turn India into a consumer of British goods, and a supplier of raw materials. This led to the decline of Indian handicrafts and cottage industries.

2. Drain of Wealth: The British followed a policy of draining wealth from India to England. This was done through various means such as high taxes, unfair trade practices, and the exploitation of Indian resources. This resulted in a significant outflow of wealth from India, leading to economic hardships.

3. Agricultural Distress: The British introduced new land revenue systems, which put a lot of pressure on the farmers. High land taxes, forced cultivation of cash crops, and the absence of any protective measures led to widespread poverty and famines in rural India.

4. Neglect of Education and Health: The British neglected the sectors of education and health in India. This resulted in a lack of skilled labor force and a high mortality rate, which further hampered the economic growth of the country.

5. Infrastructure Development for Exploitation: Although the British developed infrastructure like railways, roads, and ports in India, it was primarily aimed at the exploitation of India's resources and not for the welfare of the Indian people. This led to regional imbalances and economic disparities.

In conclusion, the end of the East India Company's rule brought in grave economic perils in India due to the exploitative and discriminatory policies followed by the British.