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However, by the end of British rule, India's economy represented a much smaller proportion of global GDP. In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population.
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The East India Company ( EIC) [ a] was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. [ 4] It was formed to trade in the Indian Ocean region, initially with the East Indies (the South and Southeast Asia ), and later with East Asia. The company gained control of large parts of South Asia and colonised ...
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