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>Indian share of world economy went from 23-24% before colonialism to less than 4% under colonialism. India's share of World Trade went from 27% to 2% under col
by jgalt212 11y ago
>Indian share of world economy went from 23-24% before colonialism to less than 4% under colonialism. India's share of World Trade went from 27% to 2% under colonialism.
Please cite this very interesting piece of information.
- douche 11y agoAll the charts that show this are dealing in percentage of world GDP. This is really a meaningless statistic, and by itself doesn't show anything one way or the other about colonialism. Until the beginning of the industrial revolution, China and India were always 1 & 2 in GDP, because they were 1 & 2 in population. The biggest innovation of the Industrial Revolution was decoupling production from population. Est. world GDP, 1750: $128 billion - India @ ~22% = $28 billion Est. world GDP, 1950: $4 trillion - India @ ~ 4% = $163 billion [1] https://infogr.am/Share-of-world-GDP-throughout-history https://infogr.am/Share-of-world-GDP-throughout-history [2] https://en.wikipedia.org/wiki/Gross_world_product https://en.wikipedia.org/wiki/Gross_world_product
- guyraput 11y agoYou are right; the largest gains in global economic output where made after the industrial revolution. http://www.economist.com/blogs/dailychart/2011/06/quantifying-history http://www.economist.com/blogs/dailychart/2011/06/quantifyin... But you can't ignore British policies that decimated India's manufacturing capability before that. Like what's been written below..
- guyraput 11y agoSourced from here http://www.economist.com/node/16834943 http://www.economist.com/node/16834943 You would enjoy this as well -https://www.change.org/p/british-government-england-uk-india-demands-reparations-for-colonial-era-damage https://www.change.org/p/british-government-england-uk-india...