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  • Rise of India: Shivaji Choudhury

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    The document discusses India's historical contributions to global GDP from 1 AD to 2001 AD based on calculations by economic historian Angus Maddison. Some key points: - In 1 AD, India accounted for 32.9% of world GDP, declining to 16% in 1820 and 7.5% in 1913 as India came under British rule. - India's share of global GDP then declined further to 4.2% in 1950 after independence but rose again to 5.4% in 2001 with economic globalization. - India was the world's richest nation for around 1500 years until being surpassed by China for around 350 years and the US for around 150 years to date.

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    The document discusses India's historical contributions to global GDP from 1 AD to 2001 AD based on calculations by economic historian Angus Maddison. Some key points: - In 1 AD, India accounted for 32.9% of world GDP, declining to 16% in 1820 and 7.5% in 1913 as India came under British rule. - India's share of global GDP then declined further to 4.2% in 1950 after independence but rose again to 5.4% in 2001 with economic globalization. - India was the world's richest nation for around 1500 years until being surpassed by China for around 350 years and the US for around 150 years to date.

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    12 views10 pages

    Rise of India: Shivaji Choudhury

    Uploaded by

    ewfsd
    The document discusses India's historical contributions to global GDP from 1 AD to 2001 AD based on calculations by economic historian Angus Maddison. Some key points: - In 1 AD, India accounted for 32.9% of world GDP, declining to 16% in 1820 and 7.5% in 1913 as India came under British rule. - India's share of global GDP then declined further to 4.2% in 1950 after independence but rose again to 5.4% in 2001 with economic globalization. - India was the world's richest nation for around 1500 years until being surpassed by China for around 350 years and the US for around 150 years to date.

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    of 10

    RISE OF INDIA

    BY
    SHIVAJI CHOUDHURY

    INDIAS CONTRIBUTIONS TO WORLD GDP


    OVER THE YEAR
    (per cent of world total)
    According to calculation by
    Angus Maddison,eminent
    economic historian,on a PPP
    basis, India accounted for;

    35
    30
    25

    In 1AD32.9
    In 1000 AD- 28.9
    In 1500 AD- 24.4
    In 1820 AD- 16.0
    In 1913 AD- 7.5
    In 1950 AD- 4.2
    In 1973 AD- 3.1
    In 2001 AD -5.4

    20
    INDIA

    15
    10
    5
    0
    1

    1500 1913 1973

    PERCENTAGE SHARE OF WORLD GDP IN PPP TERMS


    1-2001 AD
    1 AD

    1000

    1500

    1600

    1700

    1820

    1870

    1913

    1950

    2001

    INDIA

    32.9

    28.9

    24.4

    22.4

    24.4

    16

    12.1

    7.5

    4.2

    5.4

    USA

    0.3

    0.2

    0.1

    1.8

    8.8

    18.9

    27.3

    21.4

    UK

    1.1

    1.8

    2.9

    5.2

    9.0

    8.2

    6.5

    3.2

    JAPAN

    1.2

    2.7

    3.1

    2.5

    4.1

    3.0

    2.3

    2.6

    3.0

    7.1

    CHINA

    2.6

    22.7

    24.9

    29.0

    22.3

    32.9

    17.1

    8.8

    4.5

    12.3

    RISE OF INDIA
    35
    30
    25
    INDIA
    USA
    UK
    CHINA

    20
    15
    10
    5
    0
    1 AD

    1500

    1900

    2001

    INDIA AND TOTAL WESTERN EUROPE


    35
    30
    25
    20
    INDIA
    WESTERN EUROPE

    15
    10
    5
    0
    1

    1500

    1700

    1870

    1950

    2001

    RICHEST NATION
    1AD TO 2000 AD
    INDIA- 1500 YEARS
    CHINA 350 YEARS
    USA
    150 YEARS

    INDIA AND UK
    PERCENT OF WORLD TOTAL GDP
    35
    30
    25
    20
    INDIA
    UK

    15
    10
    5
    0
    1

    1500

    1700

    1870

    1950

    2001

    INDIA & USA


    35
    30
    25
    20
    INDIA
    USA

    15
    10
    5
    0
    1AD

    1500

    1700

    1870

    1950

    2001

    PERFORMENC OF INDIA
    ANALYSIS

    In 1 AD- 32.1%
    In 1000- 28.7%
    In 1500- 24.4%
    In 1820- 16.0%
    In 1870 12.1
    In 1913 7.5
    In 1950 4.2
    In 1973 3.1
    In 2001 5.4

    HINDU INDIA
    MUSLIM ATTACK
    INDIA UNDER MUSLIM RULE
    BRITISH ATTACK
    INDIA UNDER BRITSH RULE
    INDIA UNDER BRITISH RULE
    INDEPENDENT INDIA
    INDIA- UNDER CONTROL REGIME
    EFFECT OF GLOBILISATION

    GLOBILISATION
    RISE OF WESTERN WORLD IS ONLY DURING
    COLONY ERA OR MONOPOLY BUSINESS. THEIR
    SHARE IS CONTINOUSLY DECREASING IN FREE
    TRADE REGIME.
    INDIA PERFORM WELL IN FREE TRADE REGIME

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