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The Mughal Empire's economic prowess and sophisticated infrastructure played a pivotal role in shaping South Asia's history. While the Mughal Empire is conventionally said to have been founded in 1526 by Babur, [1] the Mughal imperial structure, however, is sometimes dated to 1600, to the rule of Babur's grandson, Akbar. [2]
The Mughal Empire was an early modern empire in South Asia. At its peak, the empire stretched from the outer fringes of the Indus River Basin in the west, northern Afghanistan in the northwest, and Kashmir in the north, to the highlands of present-day Assam and Bangladesh in the east, and the uplands of the Deccan Plateau in South India.
India in 1525 just before the onset of Mughal rule. The Mughal Empire was founded by Babur (reigned 1526–1530), a Central Asian ruler who was descended from the Persianized Turco-Mongol conqueror Timur (the founder of the Timurid Empire) on his father's side, and from Genghis Khan on his mother's side. [11]
During the Mughal period (1526–1858) in the 16th century, the gross domestic product of the empire was estimated at 25.1% of the world economy. An estimate of Indian subcontinent's pre-colonial economy puts the annual revenue of Emperor Akbar 's treasury in 1600 at £17.5 million (in contrast to the entire treasury of Great Britain two ...
The Mughal dynasty (Persian: دودمان مغل, romanized: Dudmân-e Mughal) or the House of Babur (Persian: خاندانِ آلِ بابُر, romanized: Khāndān-e-Āl-e-Bābur), was a branch of the Timurid dynasty founded by Babur that ruled the Mughal Empire from its inception in 1526 till the early eighteenth century, and then as ceremonial suzerains over much of the empire until 1857.
Maddison's estimates of global GDP, [6] 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) became economically 10 times more powerful than the contemporary Kingdom of France, [7] contained an estimated ...
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The empire met global demand for Indian agricultural and industrial products. [57] Cities and towns experienced growth under the Mughal Empire, which had a relatively high degree of urbanization. [58] By 1600, between 4.6% and 15% of India's population lived in urban areas, with the figure measuring between 6.4% and 11% around 1840.