Search results
Results from the WOW.Com Content Network
Up until the 18th century, China and India were the two largest economies by GDP output. Maddison's Estimates GDP per capita in the Indian sub-continent, since 1600 [2] Around 500 BC, the Mahajanapadas minted punch-marked silver coins. [citation needed] The period was marked by intensive trade activity and urban development.
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 ...
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 economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [61]
^ At year 1, year 1000, year 1500 and till the start of British colonisation in India in 17th century, India's GDP always varied between ~22 - 33% world's total GDP and was the largest economy in the world from year 1 until year 1500, [4] which dropped to 2% by Independence of India in 1947. [15]
GDP at market prices [8] [13]; Year Gross domestic product (000,000 rupees) ₹ per USD GDP deflator (index 2011 = 100) Per capita income (as % of USA) 1950: 102,216: 4.79
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. Values are given in International Dollars .
From 1850 to 1947, India's GDP per-capita had grown by 16%, from $533 to $618 in 1990 international dollars. According to historical GDP estimates by economist Angus Maddison, India's GDP grew in absolute terms but declined in relative share to the world. [11]