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Economic history of the Indian subcontinent

January 01, 1970

This is the Economic history of the Indian subcontinent. It includes the economic timeline of the region, from the ancient era to the present, and briefly summarizes the data presented in the Economic history of India and List of regions by past GDP (PPP) articles.

Main article: Economic history of India

Antiquity edit

Middle Ages edit

  • 1000
    • Indian subcontinent contained an estimated 28.05% of the world's population,and contributed to around 30 to 33% of world's GDP.[1] Individually generated an estimated average of $450 (1990 dollars) PPP per annum, and collectively produced $33,750 million.[2]
  • 1500

Mughal era edit

Main article: Economy of the Mughal Empire
 
Maddison's estimates of global GDP,[4] China and India being the most powerful until the 18th century. Bengal Subah was valued 50% of Mughal India's GDP.

Colonial period edit

Main article: Economic history of India

East India Company edit

  • 1850
    • The gross domestic product of India in 1850 dropped to 5-10% and was estimated at about 40 per cent that of China. British cotton exports reach 30 per cent of the Indian market by 1850.[16]

British Raj edit

  • 1868
  • 1870
  • 1900
    • Under the British Empire, India's share of manufacturing declined to 2% of global industrial output.[11]
  • 1913
    • India's economy had a 5.4% share of world income under the British Empire.[17]
  • 1930
    • Indian subcontinent contained an estimated 336.4 of the world's 2,070 million people (16.25%), and who individually generated an estimated average of $726 (1990 dollars) per annum, and collectively produced $244,097 million, of the world's $3,800,000 million (6.42%)
  • 1943

Post-Independence period edit

Main articles: Economy of India, Economy of Pakistan, and Economy of Bangladesh

Just after Independence edit

  • 1952
    • India's economy had a 3.8% share of world income.[17]
  • 1973
    • India's economy was $494.8 billion, which accounted for a 3.1% share of world income.[17]

1980–1991 edit

Economically closed.

1991–present edit

See also edit

References edit

  1. ^ Angus Maddison (2001). The World Economy: A Millennial Perspective, OECD, Paris
  2. ^ Angus Maddison (2001). The World Economy: A Millennial Perspective, OECD, Paris
  3. ^ a b Angus Maddison (2003). The World Economy: Historical Statistics, OECD, Paris
  4. ^ Maddison 2007, Table A.7
  5. ^ Lawrence E. Harrison, Peter L. Berger (2006). Developing cultures: case studies. Routledge. p. 158. ISBN 9780415952798.
  6. ^ Bowen, H. V. Business of Empire: The East India Company and Imperial Britain, 1756-1833 (2006), 304pp
  7. ^ Mao Peiqi (2006). The Seventeen Emperors of the Ming Dynasty. 光明日报出版社. ISBN 978-7-80206-237-5.
  8. ^ Mao Peiqi (2006). The Seventeen Emperors of the Ming Dynasty. 光明日报出版社. ISBN 978-7-80206-237-5.
  9. ^ a b Parthasarathi, Prasannan (2011), Why Europe Grew Rich and Asia Did Not: Global Economic Divergence, 1600–1850, Cambridge University Press, p. 2, ISBN 978-1-139-49889-0
  10. ^ József Böröcz (2009-09-10). The European Union and Global Social Change. Routledge. p. 21. ISBN 9781135255800. Retrieved 26 June 2017.
  11. ^ a b Jeffrey G. Williamson, David Clingingsmith (August 2005). "India's Deindustrialization in the 18th and 19th Centuries" (PDF). Harvard University. Retrieved 2017-05-18.
  12. ^ Kumar, Dharma and Meghnad Desai, eds. The Cambridge Economic History of India: Volume 2, c.1751-c.1970 (1983).
  13. ^ Om Prakash, "Empire, Mughal", History of World Trade Since 1450, edited by John J. McCusker, vol. 1, Macmillan Reference USA, 2006, pp. 237–240, World History in Context. Retrieved 3 August 2017
  14. ^ Yazdani, Kaveh (10 January 2017). India, Modernity and the Great Divergence: Mysore and Gujarat (17th to 19th C.). BRILL. ISBN 978-90-04-33079-5.
  15. ^ Broadberry, Stephen; Bishnupriya Gupta (23–25 June 2005). "COTTON TEXTILES AND THE GREAT DIVERGENCE: LANCASHIRE,INDIA AND SHIFTING COMPETITIVE ADVANTAGE, 1600-1850" (PDF). Proc The Rise, Organization, and Institutional Framework of Factor Markets. Utrecht.
  16. ^ http://www.iisg.nl/hpw/papers/broadberry-gupta.pdf [bare URL PDF]
  17. ^ a b c d Maddison, Angus (12 Jun 2001). The World Economy A Millennial Perspective. OECD Publishing. ISBN 9789264186545.
  18. ^ "Timeline: India". BBC News. 2011-02-22. Retrieved 2011-03-06.
  19. ^ a b c "World Economic Outlook Database April 2017". www.imf.org. Retrieved 2018-04-01.
  20. ^ a b "GDP, PPP (current international $) | Data". data.worldbank.org. Retrieved 2018-04-01.
  21. ^ "The Indian Economy In The Next Decade". Forbes.com. Retrieved 2011-03-06.
  22. ^ a b "India and the IMF". IMF. Retrieved 2018-04-01.
  23. ^ "Report for Selected Countries and Subjects". Retrieved 2013-01-24.
  24. ^ "Report for Selected Countries and Subjects". www.imf.org. Retrieved 2018-04-01.
  25. ^ "International Monetary Fund". 1 April 2021.
  26. ^ "India: Share of global gross domestic product (GDP) adjusted for Purchasing Power Parity (PPP) from 2016 to 2026". 1 April 2021.

Further reading edit

External links edit

  • Relation Between Inflow Of FDI and The Development Of India's Economy, IJTEMT

January 01, 1970
economic, history, indian, subcontinent, this, includes, economic, timeline, region, from, ancient, present, briefly, summarizes, data, presented, economic, history, india, list, regions, past, articles, main, article, economic, history, india, contents, antiq. This is the Economic history of the Indian subcontinent It includes the economic timeline of the region from the ancient era to the present and briefly summarizes the data presented in the Economic history of India and List of regions by past GDP PPP articles Main article Economic history of India Contents 1 Antiquity 2 Middle Ages 3 Mughal era 4 Colonial period 4 1 East India Company 4 2 British Raj 5 Post Independence period 5 1 Just after Independence 5 2 1980 1991 5 3 1991 present 6 See also 7 References 8 Further reading 9 External linksAntiquity editMiddle Ages edit1000 Indian subcontinent contained an estimated 28 05 of the world s population and contributed to around 30 to 33 of world s GDP 1 Individually generated an estimated average of 450 1990 dollars PPP per annum and collectively produced 33 750 million 2 1500 Indian subcontinent under the Delhi Sultanate vijaynagar Empire Deccan sultanate Gajapati Empire and Bengal sultanate and rajput kingdoms contained an estimated 25 09 of the world s population and who individually generated an estimated average of 550 1990 dollars PPP per annum and collectively produced 60 500 million of the world s 248 321 million 24 36 second only to Ming China in regional share 3 Mughal era editMain article Economy of the Mughal Empire nbsp Maddison s estimates of global GDP 4 China and India being the most powerful until the 18th century Bengal Subah was valued 50 of Mughal India s GDP 1500 1600 Indian subcontinent mostly under the Mughal Empire after the conquest of the Delhi Sultanate and Bengal Sultanate and vijaynagar Empire became economically 10 times more powerful than the contemporary Kingdom of France 5 contained an estimated 24 27 of the world s population and who individually generated an estimated average of 550 1990 dollars PPP per annum and collectively produced 4 250 million of the world s 31 344 million 4 41 6 1600 1700 The Indian subcontinent under Mughal Emperor s Aurangzeb becomes the world s largest economy after the economic downfall 7 by the transition from Ming to qing 8 and the most important center of manufacturing in international trade ahead of Qing China 3 9 Worth 25 of the world s industrial output it signalled the Proto industrialization 10 11 12 1700 1800 Large parts of the Indian subcontinent including Bengal Subah which accounted for 36 of Dutch imports 13 and Kingdom of Mysore had some of the world s highest real wages and living standards made direct essential contributions to the first Industrial revolution in Britain 9 14 Colonial period editMain article Economic history of India East India Company edit 1793 Cornwallis Permanent Settlement Instituted in Bengal 1820 China was the world s largest economy followed by the UK and India Industrial revolution in the UK catapulted the nation to the top league of Europe for the first time ever During this period British foreign and economic policies began treating India as an unequal partner for the first time 15 1850 The gross domestic product of India in 1850 dropped to 5 10 and was estimated at about 40 per cent that of China British cotton exports reach 30 per cent of the Indian market by 1850 16 British Raj edit 1868 First estimation of India s national income by Dadabhai Naoroji 1870 India s economy had a 9 2 share of world income under the British Empire 17 1900 Under the British Empire India s share of manufacturing declined to 2 of global industrial output 11 1913 India s economy had a 5 4 share of world income under the British Empire 17 1930 Indian subcontinent contained an estimated 336 4 of the world s 2 070 million people 16 25 and who individually generated an estimated average of 726 1990 dollars per annum and collectively produced 244 097 million of the world s 3 800 000 million 6 42 1943 Famine of BengalPost Independence period editMain articles Economy of India Economy of Pakistan and Economy of Bangladesh Just after Independence edit 1952 India s economy had a 3 8 share of world income 17 1973 India s economy was 494 8 billion which accounted for a 3 1 share of world income 17 1980 1991 edit Economically closed 1991 present edit 1991 Economic liberalisation was initiated by Indian prime minister P V Narasimha Rao and his finance minister Manmohan Singh in response to a macroeconomic crisis 18 1996 Beginning of short lived coalition govts India s economy is 1 560 trillion purchasing power parity accounting for a 3 9 share of world GDP the fifth largest in the world 19 2004 First NDA govt ends inflation is 3 8 India s economy is 2 870 trillion purchasing power parity accounting for a 4 7 20 share of world GDP the fourth largest 19 2010 India s economy is 4 002 trillion purchasing power parity which accounts for a 4 5 20 share of world income the fourth largest in the world in terms of real GDP PPP 21 2012 Second half of UPA 2 and Inflation 10 22 India s economy is 4 825 trillion purchasing power parity the third largest in the world in terms of real GDP PPP 23 2014 India s economy is 7 376 trillion purchasing power parity the third largest in the world in terms of real GDP PPP citation needed 2017 NDA 2 and inflation is 3 8 22 India s economy is 9 448 trillion purchasing power parity 19 and accounts for a 6 8 share of world GDP PPP 24 2021 As of 2021 India s economy is 10 207 trillion purchasing power parity 25 and accounts for a 7 19 share of world GDP PPP 26 See also editList of regions by past GDP PPP References edit Angus Maddison 2001 The World Economy A Millennial Perspective OECD Paris Angus Maddison 2001 The World Economy A Millennial Perspective OECD Paris a b Angus Maddison 2003 The World Economy Historical Statistics OECD Paris Maddison 2007 Table A 7 Lawrence E Harrison Peter L Berger 2006 Developing cultures case studies Routledge p 158 ISBN 9780415952798 Bowen H V Business of Empire The East India Company and Imperial Britain 1756 1833 2006 304pp Mao Peiqi 2006 The Seventeen Emperors of the Ming Dynasty 光明日报出版社 ISBN 978 7 80206 237 5 Mao Peiqi 2006 The Seventeen Emperors of the Ming Dynasty 光明日报出版社 ISBN 978 7 80206 237 5 a b Parthasarathi Prasannan 2011 Why Europe Grew Rich and Asia Did Not Global Economic Divergence 1600 1850 Cambridge University Press p 2 ISBN 978 1 139 49889 0 Jozsef Borocz 2009 09 10 The European Union and Global Social Change Routledge p 21 ISBN 9781135255800 Retrieved 26 June 2017 a b Jeffrey G Williamson David Clingingsmith August 2005 India s Deindustrialization in the 18th and 19th Centuries PDF Harvard University Retrieved 2017 05 18 Kumar Dharma and Meghnad Desai eds The Cambridge Economic History of India Volume 2 c 1751 c 1970 1983 Om Prakash Empire Mughal History of World Trade Since 1450 edited by John J McCusker vol 1 Macmillan Reference USA 2006 pp 237 240 World History in Context Retrieved 3 August 2017 Yazdani Kaveh 10 January 2017 India Modernity and the Great Divergence Mysore and Gujarat 17th to 19th C BRILL ISBN 978 90 04 33079 5 Broadberry Stephen Bishnupriya Gupta 23 25 June 2005 COTTON TEXTILES AND THE GREAT DIVERGENCE LANCASHIRE INDIA AND SHIFTING COMPETITIVE ADVANTAGE 1600 1850 PDF Proc The Rise Organization and Institutional Framework of Factor Markets Utrecht http www iisg nl hpw papers broadberry gupta pdf bare URL PDF a b c d Maddison Angus 12 Jun 2001 The World Economy A Millennial Perspective OECD Publishing ISBN 9789264186545 Timeline India BBC News 2011 02 22 Retrieved 2011 03 06 a b c World Economic Outlook Database April 2017 www imf org Retrieved 2018 04 01 a b GDP PPP current international Data data worldbank org Retrieved 2018 04 01 The Indian Economy In The Next Decade Forbes com Retrieved 2011 03 06 a b India and the IMF IMF Retrieved 2018 04 01 Report for Selected Countries and Subjects Retrieved 2013 01 24 Report for Selected Countries and Subjects www imf org Retrieved 2018 04 01 International Monetary Fund 1 April 2021 India Share of global gross domestic product GDP adjusted for Purchasing Power Parity PPP from 2016 to 2026 1 April 2021 Further reading editMaddison Angus 2004 The World Economy Historical Statistics OECD ISBN 92 64 10412 7 See Sample Table Maddison Angus 2007 Contours of the world economy 1 2030 AD essays in macro economic history Oxford Oxford University Press ISBN 978 0199227204 World Bank 1 July 2006 PPP GDP 2005 External links editRelation Between Inflow Of FDI and The Development Of India s Economy IJTEMT Retrieved from https en wikipedia org w index php title Economic history of the Indian subcontinent amp oldid 1220571476, wikipedia, wiki, book, books, library,

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