History of the British Raj
The history of the British Raj refers to the period of British rule on the Indian subcontinent between 1858 and 1947. The system of governance was instituted in 1858 when the rule of the East India Company was transferred to the Crown in the person of Queen Victoria (who in 1876 was proclaimed Empress of India). It lasted until 1947, when the British provinces of India were partitioned into two sovereign dominion states: the "Dominion of India" and the "Dominion of Pakistan", leaving the princely states to choose between them. The two new dominions later became the Republic of India and the Islamic Republic of Pakistan (the eastern half of which, still later, became the People's Republic of Bangladesh). The province of Burma in the eastern region of the Indian Empire had been made a separate colony in 1937 and became independent in 1948.
History of the oil industry in India
After India won independence in 1947, the new government moved to a Communist system, often termed as License Raj. In terms of economic policy this meant a far bigger role for the government and little or no role for the private sector. This resulted in a focus on centralized planning, heavily bureaucratic and inefficient system that meant a large public sector and economic protectionism.