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The Indus Valley Civilisation [1] (IVC), also known as the Indus Civilisation, was a Bronze Age civilisation in the northwestern regions of South Asia, lasting from 3300 BCE to 1300 BCE, and in its mature form from 2600 BCE to 1900 BCE.
The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (inflation adjusted for 2013), and did not rise much until the Industrial Revolution .
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.
Shipyard: The world's oldest shipyard has been found in Lothal. It is situated 80 km south of Ahmedabad in Gujarat. [3] [4] Cockfighting: Cockfighting was a pastime in the Indus Valley Civilisation in what today is Pakistan by 2000 BCE [5] and one of the uses of the fighting cock.
2008-2009 : during the Great Trade Collapse, a drop of world GDP of 1% caused a drop of international trade of 10%. In 2013, China began its economic integration and infrastructure project, called the Belt and Road Initiative. 2014: India launches its Make in India initiative and announces its Act East Policy.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
International Video Corporation, or IVC, was a California company with large European operations that manufactured a number of models of middle to high-end video tape recorders, or VTRs, for industrial and professional use in the US, alongside a range of digital video Time Base Correctors and Special Effects units designed and manufactured in the UK.
Economic historians agree that the onset of the Industrial Revolution is the most important event in human history since the domestication of animals and plants. [17] The precise start and end of the Industrial Revolution is still debated among historians, as is the pace of economic and social changes.