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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.
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 ...
August 8, 2024 at 3:16 PM. Amazon Is Taking up to 50% Off Spring Camping GearHearst Owned. "Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." SUMMER ...
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [ 5 ] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 136th by GDP (nominal) and 125th by GDP (PPP). [ 60 ]
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