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At the height of the second World War, more than 2.5 million Indian troops were fighting Axis forces around the globe. [14] After the end of the war, India emerged as the world's fourth largest industrial power and its increased political, economic and military influence paved the way for its independence from the United Kingdom in 1947. [15]
The Seleucid dynasty controlled a developed network of trade with the Indian Subcontinent which had previously existed under the influence of the Achaemenid Empire.The Greek-Ptolemaic dynasty, controlling the western and northern end of other trade routes to Southern Arabia and the Indian Subcontinent, [5] had begun to exploit trading opportunities in the region prior to the Roman involvement ...
The first documented relations between Ancient India and Ancient Rome occurred during the reign of Augustus (27 BCE – 14 CE), the first Roman Emperor. The presence of Europeans, including Romans , in the region known at the time as "India" (modern South Asia , including India , Bangladesh , Pakistan and eastern- Afghanistan ), during the ...
The main articles imported from India were spices such as pepper, cardamom, cloves, cinnamon, sandal wood and gems such as pearls, rubies, diamonds, emeralds and ivory. In exchange the Romans traded silver and gold. Hoards of Roman coins have been found in southern India during the history of Roman-India trade.
The Axis powers, [nb 1] originally called the Rome–Berlin Axis [1] and also Rome–Berlin–Tokyo Axis, was a military coalition that initiated World War II and fought against the Allies. Its principal members were Nazi Germany, Fascist Italy and the Empire of Japan. The Axis were united in their far-right positions and general opposition to ...
At its height, it controlled 25% of the world’s landmass — geographically, the largest empire ever — and 412 million subjects or 23% of the world’s population. From spices in India to fur ...
As of December 2012, Italy had an accumulated investment of €3.75 billion in India, or 9% of the total European Union FDI in India. [16] Indian investment in Italy grew from €584 million in 2004 to €10 billion in 2011. Italy accounted for 2.3% of India's total investment in the European Union. [16]
India experienced deindustrialisation and cessation of various craft industries under British rule, [12] which along with fast economic and population growth in the Western world, resulted in India's share of the world economy declining from 24.4% in 1700 to 4.2% in 1950, [13] and its share of global industrial output declining from 25% in 1750 ...