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UPI has able to make India a cashless and cardless economy, also strain on ATM infrastructure has reduced significantly. Digital rupee (e₹) or eINR or e-rupee is a world's first digital national currency, to be issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). Digital Rupee is using blockchain distributed ...
The early centuries immediately before the common era saw the Buddhists and the Jains of India adapt the stepwells into their architecture. [7] Both the wells and the form of ritual bathing reached other parts of the world with Buddhism. [7] Rock-cut step wells in the subcontinent date from 200-400 CE. [10]
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 ...
The political atmosphere in South India shifted from smaller kingdoms to large empires with the ascendancy of Badami Chalukyas. A Southern India-based kingdom took control and consolidated the entire region between the Kaveri and the Narmada Rivers. The rise of this empire saw the birth of efficient administration, overseas trade and commerce ...
For Fiscal Year 2015-16, India's contribution to the United Nations was ₹ 2,440,000,000 (US$28 million), [52] which was 55 per cent more compared with the previous fiscal year. [52] India is a contributor to the UN regular budget. [53] Indian contribution to United Nations Democracy Fund was US$250 million until 2009. [54]
Scientists from India also appeared throughout Europe. [134] By the time of India's independence colonial science had assumed importance within the westernized intelligentsia and establishment. French astronomer, Pierre Janssen observed the Solar eclipse of 18 August 1868 and discovered helium, from Guntur in Madras State, British India. [134]
India surpassed the UK as the world’s fifth-largest economy in 2023, and analysts at Morgan Stanley agree with Modi in predicting it will overtake Japan and Germany to reach third position by 2027.
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 ...