Timeline of the economy of India
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Contents |
[edit] Pre-colonial period
- Silver punch-marked coins were minted by the Mahajanapadas
- India's economy had a 32.9% share of world income, the largest in the world.
- India's economy had a 28.9% share of world income, the largest in the world.
- India's economy had a 24.5% share of world income, the second largest in the world after China, which had a 25% share.
- India had an income of £17.5 million, under Akbar's Mughal Empire, in contrast to the entire treasury of Great Britain in 1800, which totalled £16 million.
- India's economy had a 24.4% share of world income, the largest in the world, under Aurangzeb's Mughal Empire.
[edit] Colonial period
[edit] East India Company
- India's economy had a 16% share of world income.[citation needed]
[edit] British Raj
- First estimation of India's national income by Dadabhai Naoroji
- India's economy had a 12.2% share of world income under the British Empire.
- India's economy had a 7.6% share of world income under the British Empire.
[edit] Post-Independence period
[edit] Nehruvian era
- 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
[edit] 1980 - 1991
Virtually Closed.
[edit] 1991-present
- Economic liberalisation was initiated by Indian prime minister P. V. Narasimha Rao and his finance minister Manmohan Singh in response to a macroeconomic crisis.
- India's economy was $1,702.7 trillion, which accounted for a 5% share of world income
- India's economy is $3,815.6 trillion (purchasing power parity) which accounts for a 6.3% share of world income, the fourth largest in the world in terms of real GDP.
[edit] References
- Maddison, Angus (2004). The World Economy: Historical Statistics. OECD. ISBN 92-64-10412-7. (See Sample Table.)
- World Bank, July 1, 2006. PPP GDP 2005.
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