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Economic history of India. GDP per capita in India, since 1600. India was one of the richest countries in the world, for about two and a half millennia starting around the end of 1st millennium BC and ending around the beginning of British rule in India. [1] [failed verification]
- The Initial Results
- The Change in Strategies
- The About Turn
Industrialization was a moderate success. The newly created public enterprises, albeit after major cost overruns and several delays, turned out steel, chemicals, and other products that were generally associated with developed countries. A British colonial official in the early twentieth century once scoffed that he would be willing to eat all the ...
In response to the food crisis of the mid-1960s, the government changed its agricultural strategy. Rather than holding out for the reform of agrarian institutions, it began to guarantee higher crop prices to farmers and utilize subsidies to promote use of modern inputs such as chemical fertilizers and high-yielding varieties of grain developed in o...
When a foreign exchange shortage threatened a crisis again in 1991, the government made a clear break with past policies. By then, the intellectual consensus in favor of state-led, import-substituting development strategies had greatly weakened. The breakup of the Soviet Union had substantially discredited central planning, and the export-led succe...
Aug 14, 2019 · Livemint. Reflecting on what shaped economic policy and the transition to millennial India, Mint brings you a curated history of the economy since 15 August 1947. India’s first Prime...
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.
The Cambridge Economic History of India, published in two volumes, aims at tracing the changes in the economy of India from the thirteenth to the middle of the present century and beyond. The second volume covers the period 1757–1970, from the establishment of British rule to its termination, with epilogues on the post-Independence period.
The Indian economy was the largest and most prosperous throughout world history and would continue to be under the Mughal Empire, up until the 18th century. Sean Harkin estimates that China and India may have accounted for 60 to 70 percent of world GDP in the 17th century.
The Cambridge Economic History of India, published in two volumes, aims at tracing the changes in the economy of India from the thirteenth to the middle of the present century and beyond. The second volume covers the period 1757–1970, from the establishment of British rule to its termination, with epilogues on the post-Independence period.
