Timeline of the economy of India

Timeline of the economy of India

= Pre-colonial period =


5 BC
* Silver punch-marked coins were minted by the Mahajanapadas

1
* India's economy had a 32.9% share of world income, the largest in the world.

1000
* India's economy had a 28.9% share of world income, the largest in the world.

1500
* India's economy had a 24.5% share of world income, the second largest in the world after China, which had a 25% share.

1600
* 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.

1700
* India's economy had a 24.4% share of world income, the largest in the world, under Aurangzeb's Mughal Empire.

Colonial period

East India Company

1793
* 1793 Cornwallis' Permanent Settlement Instituted in Bengal

1820
* India's economy had a 16% share of world income. Fact|date=June 2007

British Raj

1868
* First estimation of India's national income by Dadabhai Naoroji

1870
* India's economy had a 12.2% share of world income under the British Empire.

1913
* India's economy had a 7.6% share of world income under the British Empire.

1943
* Famine of Bengal

Post-Independence period

Nehruvian era

1952
* India's economy had a 3.8% share of world income

1973
* India's economy was $494.8 billion, which accounted for a 3.1% share of world income

1980 - 1991

Virtually Closed.

1991-present

1991
* Economic liberalisation was initiated by Indian prime minister P. V. Narasimha Rao and his finance minister Manmohan Singh in response to a macroeconomic crisis.

1998
* India's economy was $1,702.7 trillion, which accounted for a 5% share of world income

2005
* 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.

References

* Maddison, Angus (2004). "". OECD. ISBN 92-64-10412-7. (See " [http://www.theworldeconomy.org/publications/worldeconomy/MaddisontableB-18.pdf Sample Table] ".)
* World Bank, July 1, 2006. [http://siteresources.worldbank.org/DATASTATISTICS/Resources/GDP_PPP.pdf PPP GDP 2005.]


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