Timeline of the economy of the Indian subcontinent
This is a timeline of the economy 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.
- 500 BC
- 1 AD
- Indian subcontinent under the Gupta Empire united much of the subcontinent, contained 33.21% of the world’s population, and generated an estimated average of $450 (1990 dollars) PPP per annum, and collectively produced $33,750 million, of the world's $105,402 million (32%), the largest regional contribution.
- Indian subcontinent contained an estimated 28.05% of the world's population, and who individually generated an estimated average of $450 (1990 dollars) PPP per annum, and collectively produced $33,750 million, of the world's $121,208 million (27.84%), the largest regional contribution.
- Indian subcontinent under the Delhi Sultanate 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.
- Indian subcontinent, mostly under the Mughal Empire & faced barbarism of highest level ), after the defeat of the Delhi Sultanate and Bengal Sultanate, economically 7 times more powerful than the contemporary Kingdom of France, 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%), worst in the world.
- The Indian subcontinent, under Mughal Emperor's Aurangzeb policies based on Islamic economics, becomes the world's largest economy, and the most important center of manufacturing in international trade, ahead of Qing China.Worth 5% of the world's industrial output, it signalled the Proto-industrialization.
There is no doubt that our grievances against the British Empire had a sound basis. As the painstaking statistical work of the Cambridge historian Angus Maddison has shown, India's share of world income collapsed from 22.6% in 1700, almost equal to Europe's share of 23.3% at that time, to as low as 3.8% in 1952. Indeed, at the beginning of the 20th century, "the brightest jewel in the British Crown" was the poorest country in the world in terms of per capita income.
East India Company
- 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.
- Under the British Empire, India's share of manufacturing declined to 2% of global industrial output.
- India's economy had a 5.4% share of world income under the British Empire.
- 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%)
Just after Independence
- India's economy had a 3.8% share of world income.
- India's economy was $494.8 billion, which accounted for a 3.1% share of world income.
Economically closed.
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