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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. [18] 1900 Under the British Empire, India's share of manufacturing declined to 2% of global industrial output. [12] 1913 India's economy had a 5.4% share of world income under the British Empire. [18] 1930
The empire's largest economy in 1870 was British India with a 12.15% share of world GDP, followed by the United Kingdom with a 9.03% share. The empire's largest economy in 1913 was the United Kingdom with an 8.22% share of world GDP, followed by British India with a 7.47% share. [20]
Although ancient India had a significant urban population, much of India's population resided in villages, whose economies were largely isolated and self-sustaining. [citation needed] Agriculture was the predominant occupation and satisfied a village's food requirements while providing raw materials for hand-based industries such as textile, food processing and crafts.
However, by the end of British rule, India's economy represented a much smaller proportion of global GDP. In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population. Per capita ...
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates.
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
The following other wikis use this file: Usage on en.wikisource.org Index:The Imperial Gazetteer of India - Volume 2 (2nd edition).pdf; Page:The Imperial Gazetteer of India - Volume 2 (2nd edition).pdf/10
The following other wikis use this file: Usage on en.wikisource.org Index:The Imperial Gazetteer of India - Volume 1 (2nd edition).pdf; Page:The Imperial Gazetteer of India - Volume 1 (2nd edition).pdf/248