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The increase in slope at 1850 onwards corresponds to the start of the British Raj rule, when about a trillion dollars of wealth was transferred. India went from
by j7ake 3y ago
The increase in slope at 1850 onwards corresponds to the start of the British Raj rule, when about a trillion dollars of wealth was transferred. India went from 23% of global GDP to under 3% during this period.
https://en.wikipedia.org/wiki/Economy_of_India_under_the_British_Raj https://en.wikipedia.org/wiki/Economy_of_India_under_the_Bri...
- DonsDiscountGas 3y agoExcept that the slope stays the same (in the UK) after the end of the Raj in 1947. The growth rate of India's economy stayed pre-industrial until the end of WWII (probably not coincidentally), that's why the relative GDP shrunk. https://ourworldindata.org/grapher/gdp-per-capita-maddison?tab=chart&yScale=log&time=1800..latest&country=IND~OWID_WRL~GBR https://ourworldindata.org/grapher/gdp-per-capita-maddison?t... So maybe England was keeping India poor but that wasn't what made England rich.