India & China were the biggest economies throughout recorded history

jouni

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Re: India & China were the biggest economies throughout recorded histo

Will you enlighten me please "How India & Britain whose GDP was 24% & 2% of world GDP respectively at the start of 17th century just reversed when India got independence in 1947".
Perhaps you've forgotten that entire Europe was unable to pay the price of "Kohinoor" diamond in its original shape. Shall we calculate all the loot during British-raj ?
Moreover, now in 2014, India has overtaken all European countries in both criteria: 1) Size of economy in absolute numbers & 2) Purchase Parity. India became 4th biggest economy in just 67 years after getting independence.
Development is great, after you got the critical mass of the economy up, then start to take care of all the citizens. GDP per capita, is the key. Remember that India is 16 times bigger than Germany for example.
 

Kshatriya87

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Re: India & China were the biggest economies throughout recorded histo

Is this a discussion about Indian & Chinese economy ? Or the finnish economy ? A Hint: All finnish people, shut up.
 

jouni

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Re: India & China were the biggest economies throughout recorded histo

Is this a discussion about Indian & Chinese economy ? Or the finnish economy ? A Hint: All finnish people, shut up.
I am not talking about Finnish economy. I am just trying to help you, I believe that because Finland is third most competitive country in the world, you could learn a lot from us. India is usually sitting firmly at the bottom among the so called BRICS economies.
 

Kshatriya87

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I am not talking about Finnish economy. I am just trying to help you, I believe that because Finland is third most competitive country in the world, you could learn a lot from us. India is usually sitting firmly at the bottom among the so called BRICS economies.
Bottom? Really?

Are you competitive in space exploration technologies like India? Nope.

Is your military power anywhere close to India's? Nope.

How many scientists are you contributing to the world as compared to India? Negligible.

Why did your so called developed country has not been able to figure out how a nuclear weapon is made? India did it indigenously, right?

Is your history nearly as diverse and ancient as India's? Nope.

What have you to give to this world except money? Not much.


Here's the difference between you and Indians. We are optimistic. We are persistent. We are capable. And we are going forward. You needn't worry about us. We can live without your help.
 

TrueSpirit1

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Re: India & China were the biggest economies throughout recorded histo

I am not talking about Finnish economy. I am just trying to help you, I believe that because Finland is third most competitive country in the world, you could learn a lot from us. India is usually sitting firmly at the bottom among the so called BRICS economies.

World Bank announced in a report on Tuesday that India overtook Japan as the world's third largest economy in terms of purchasing power parity (PPP). According to the World Bank's International Comparison Program (ICP) data, India holds a 6.4 percent share of global GDP on a PPP basis. The United States remains in first place with a 17.1 percent share and China trails it at 14.9 percent. Japan, while still the world's third largest economy in nominal terms, holds a 4.8 percent share of global wealth.


World Bank: India Overtakes Japan as World's Third Largest Economy | The Diplomat
India becomes world's third-largest economy - Central & South Asia - Al Jazeera English
India's Rise to World's Third Largest Economy Puts More Pressure on China to Perform - China Briefing News
India displaces Japan to become third-largest world economy in terms of PPP: World Bank - Economic Times
India became third largest economy in 2011: World Bank - The Hindu


@jouni you are perfect example of someone who cannot be educated no matter what.

China & India are already world's fastest growing economies (among colossal economies) in the world. We have been growing at this rate since more than a decade & would continue to grow at even much more faster rate for next 100 years, easily. This would be while your shire-sized economies would have shrunk in the deflationary vortex you are already deep into. Like Nokia, all Finns would be gobbled by Asian tsunami.

Along with China, India is already on the top (not just among BRICS, but in entire world). We are born winners. We were, we are & we would always ON TOP of the game. This is what this thread is all about. Our only remaining competition is USA & China.

Puny-economies like Finnish ones, do not even count anywhere.
 
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jouni

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Re: India & China were the biggest economies throughout recorded histo

World Bank: India Overtakes Japan as World's Third Largest Economy | The Diplomat
India becomes world's third-largest economy - Central & South Asia - Al Jazeera English
India's Rise to World's Third Largest Economy Puts More Pressure on China to Perform - China Briefing News
India displaces Japan to become third-largest world economy in terms of PPP: World Bank - Economic Times
India became third largest economy in 2011: World Bank - The Hindu


@jouni you are perfect example of someone who cannot be educated no matter what.

China & India are already world's fastest growing economies (among colossal economies) in the world. We have been growing at this rate since more than a decade & would continue to grow at even much more faster rate for next 100 years, easily. This would be while your shire-sized economies would have shrunk in the deflationary vortex you are already deep into. Like Nokia, all Finns would be gobbled by Asian tsunami.

Along with China, India is already on the top (not just among BRICS, but in entire world). We are born winners. We were, we are & we would always ON TOP of the game. This is what this thread is all about. Our only remaining competition is USA & China.

Puny-economies like Finnish ones, do not even count anywhere.
Of course having one billion + people, it is quite easy to grow to one of the biggest economies. I will salute you the day every Indian has 50% of the living standard of the average Finn. It will not happen in my lifetime, but I hope it anyway. You just overtook Japan, which has 10% of the population you have.... I hope you also channel the growth to social and education systems reform, not only Military and Space tech, which of course is an easy way to get publicity.

When you talk about debt and lack of growth, remember where we stand. Finland is in the top of the tree, while India has just got his turban over the ground level and can for the first time see how far the top is. Even if the top stays the same, it takes a long time to climb there. Also compare the status of infrastructure in our countries in Finland it is about 95% and India 40%, so we have assets to back our debt.

You are right about Nokia though, it showed how immature we are, we grew too fast too big in that area. I hope you manage better with Mittal, Mahindra&Mahindra etc.
 
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jouni

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Re: India & China were the biggest economies throughout recorded histo

Bottom? Really?

Are you competitive in space exploration technologies like India? Nope.

Is your military power anywhere close to India's? Nope.

How many scientists are you contributing to the world as compared to India? Negligible.

Why did your so called developed country has not been able to figure out how a nuclear weapon is made? India did it indigenously, right?

Is your history nearly as diverse and ancient as India's? Nope.

What have you to give to this world except money? Not much.


Here's the difference between you and Indians. We are optimistic. We are persistent. We are capable. And we are going forward. You needn't worry about us. We can live without your help.
India has 10 nobel prizes, Finland has 4. You have 220 times more population, so per capita is not very convincing. Finland has 463 Olympic medals, India 26. You are not very much into sports, Sports is a great way to build national pride peacefully.

I do not see any need for nuclear weapon for Finland, we can manage without. I concratulate you on space tech, Finland also has high tech industries on that field, through ESA.
 

Free Karma

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Re: India & China were the biggest economies throughout recorded histo

This whole thread really makes no sense.
Off course, India and China would have had the biggest economies prior to the industrial revolution !!

Prior to the industrial revolution....the economy of a country was based purely on its agricultural output.
Even the technology to mine metals or petroluem did not exist, except for some basic things like iron ore, gold.

So isnt it plainly obvious that the countries that had the largest populations also had the biggest economies.
They simply had the most mouths to feed and therefore had to produce the highest agricultural output.

The European countries had populations that were a mere tiny fraction of India and China, so why would they produce 100 times the amount that they consumed, even if they could, since the means to export agricultural produce without spoiling did not exist then.

It was only after the industrial revolution, that the west was able to move ahead much faster because almost all the technology was developed in the West...and off-course they mined the colonies dry too.

I dont see the point......saying that India and China had the biggest economies does not say much.......they also had a population that was a hundred times larger.


BTW: As a corollary to my post above - Today China has just overtaken the US as the largest economy in the world; but again, that really does not say much about the quality of life for the average Chinese vs the average American.

China has 4 times the population of the US. So even if the Chinese economy were double the size of the US economy - it does not mean that the average Chinese will be richer or have a better life than the average American. Plus when you add the pollution mess that is China, corruption, aging population, and the wealth inequality between the rich and the working class......its really is a much more complicate picture.

I suspect the Chinese know all this only too well......that is why you dont see the Chinese making a big deal out of the fact that China has just surpassed the US economy.
Garbage post. You seem to have zero knowledge about anything related to pre-colonial India, there is a reason why it is called the "DeIndustrialization of India", i.e killing off any advanced Industries, and making India a primarily agrarian(that too forcing people to grow Indigo and opium, not food).

India actually had 25% of the worlds Industrial output, and was the leading exporter of finished textile goods, steel (steel has been exported from the third century) high quality luxury products like Jewelry, Carpets, Lamps, metalware, glassware, dyes and chemicals too were exported. Ship building, cannon factories was actually considered one of the finest. You have to be incredibly stupid to say metal was "primitive" because even upto the late 19th century Indian metal was imported in the west, and studied. The entire process of Zinc was basically copied from the Zarwar process in India.
Indian Ships were banned by the British because they felt their industry at home might collapse because they were uncompetitive, EIC themselves bought ships from India cause they were better and far cheapter than the ones made in Britain.

This is what happened to Industries after the British tookover, and now the west brainwash people like you about India being agrarian :lol:
Indian metal works->Banned, only export of Raw materials to britain.
India paper -> banned, only British paper had to be used.
Textiles-> Banned. Only cloth and garments imported from Britain allowed.
Ship building->banned
Jewellery making -> Banned.
Dyes and Chemicals -> Banned.
anyone who did not follow these rules, had their arms chopped off. This is what happened to all the weavers and textile workers in Bengal who opposed.
Apart from just banning this, they also forced people to buy only biritsh goods, the only reason why the revolution happened in Britain was because of India, Cheap raw materials, huuuge money, and a market to sell their stuff. Later they even tried to ban the making of salt. In fact if you go through the bottom link, it says how machines were being developed and used routinely as part of the textile Industry and it was spreading to other areas, to meet rising demand. in short, India was on the verge of an Industrial revolution.

How much were the industries worth?
Just the textile Industry alone:
Voice,Discussion,Debate,Handicrafts,India,SouthAsia,SouthEastAsia,Bangladesh,Bhutan,Maldives,Nepal,Pakistan,Sri Lanka,Crafts,Handlooms,Textiles,Artisans,Craftspersons
In 1600 the British East India Company was granted a Royal Charter for exclusive rights to Britain's trade with India. Textile exports from India, for which the demand in Europe seemed to be insatiable, made up the bulk of its trade. In 1682 the port of Surat on the West coast alone exported 1,436,000 pieces and the total for the whole of India came to more than 3 million pieces – each piece being about 18 yards in length

. The cloth was of different descriptions, most of it cotton of a variety of weaves and weights, dyed, printed and plain, for both garments and drapery. Ship's musters of the seventeenth and eighteenth centuries speak of thirty to forty different sorts of cotton fabrics, each with a name:bafta, mulmul, mashru, jamdani, moree, percale, nainsukh, chintz., etc, all paid for in bullion: in 4 years alone between 1681 and 1685 the East India Company imported 240 tonnes of silver and 7 tonnes of gold
That is just for cloth So much for "India exported nothing, it's all food" :lol: We havent even talked about the other industries like Shop building.

Europe had no products to offer, because guess what, they were totally agrarian, and produced *nothing* of worth. They had to loot gold from South America and get it to India, because that was the only good thing they could get.
into India. During the 17th century so much Indian cotton was imported into England that the English woollen handweaving industry suffered and declined. English weavers protested, and eventually at the end of the 18th century England loaded a duty of 75% onto Indian cotton imports. :lol:
Why do you think the Charka became a symbol of protest?
We havent even gotten to the demolishing of the education system, taxation policies which contributed to mass famines resulting in millions of deaths.

http://defenceforumindia.com/forum/...-de-industrialization-under-british-rule.html , Science, Technology, Imperialism, and War - Google Books, Metallurgical Heritage of India

In fact a comprehensive discussion of this was done on a Chinese forums spanning 100 plus pages (will try to find a link later), it was pretty much one of the best discussions I've seen on the effect of colonialism on India and China. It's laughable that you claim Chinese never talk about this, how many Chinese forums do you read?
 
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TrueSpirit1

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Re: India & China were the biggest economies throughout recorded histo

@mattster Heard of wootz steel...? Developed in India several centuries before Philip of Macedon started his campaigns around the Aegan sea region.

And, iron pillar of Delhi... which was again manufactured around 900 BCE, as per Arnold Silcock; Maxwell Ayrton (2003). Wrought iron and its decorative use: with 241 illustrations (reprint ed.). Mineola, N.Y: Dover Publications. p. 4. ISBN 0-486-42326-3.
 
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jouni

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Re: India & China were the biggest economies throughout recorded histo

you suffered the same faith under brits, that eastern europe under soviet union. Luckily with EU they are now developing fast.
 

Mad Indian

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Re: India & China were the biggest economies throughout recorded histo

you suffered the same faith under brits, that eastern europe under soviet union. Luckily with EU they are now developing fast.
Boo Fing hoo! What finland suffered under Russia/Sweden is not even 1/100th of what India had to suffer under the Britshits. There is no comparison here. Seriousoly dont your ever get tired of being humiliated repeatedly? Seriously dude, learn humility. Arrogance dont suit the Finns
 

Kharavela

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Re: India & China were the biggest economies throughout recorded histo

Development is great, after you got the critical mass of the economy up, then start to take care of all the citizens. GDP per capita, is the key. Remember that India is 16 times bigger than Germany for example.
Entire Europe was nomadic till 17th century. Starting from fabric to jewellery, everything was exported from India to European countries through Arabic traders.

What were standard of living & per capita income of Europeans till 17th century?

Europeans looted resources from Asia & Africa depriving local populace their right and used those resources to improve European standard of living. Hence, don't give sermons regarding European aid to Asian & African countries.

India was hub of education & knowledge till invaders from west destroyed our education system. In spite of 200 years of British loot, India is fast catching up. Just have a look at the number of Indian kids winning" Spelling Bee" or Indians working with high tech projects of NASA, Google, Microsoft etc.

India will again establish herself as undisputed leader in knowledge & technology. :cool:
 

Known_Unknown

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Re: India & China were the biggest economies throughout recorded histo

@jouni Comparing India with Germany and Japan is foolish. Germany and Japan are both tiny countries in comparison with India, both in terms of population and land area. In 1947, India's population was around 300 million, and it is 1/3rd the size of the entire European continent. The literacy rate was about 11% and life expectancy less than 30 years. Indian infrastructure, except for the railways, had not been improved since the 17th century. Heavy industry/manufacturing was non-existent, due to British bans on industry. Agricultural production was largely devoted for cash crops like tobacco and indigo to meet the raw material demands of British industries, hence due to lack of food, there were constant famines and mass deaths. The situation was so bad that even the needles of sewing machines had to be imported from Britain.

So in 1947, India was a huge country filled with illiterate, malnourished, socially backward people living on the very edge of existence. We had neither the human capital or skills/knowhow of Germany or Japan, nor their infrastructure (though bombed to hell, it was far superior to India's, which was non-existent), nor their traditional trading networks (India's trade pre-independence was geared solely to meet British raw material demands) nor their massive aid packages. We had absolutely nothing, yet within 60 years, we have a nuclear and space program, giant multinational companies buying up western firms, a burgeoning tech sector, rising literacy and HDI and a military to ensure that we never end up in the situation we were in 60 years ago.

I'd say we have done quite well for ourselves.
 
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Kshatriya87

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India has 10 nobel prizes, Finland has 4. You have 220 times more population, so per capita is not very convincing. Finland has 463 Olympic medals, India 26. You are not very much into sports, Sports is a great way to build national pride peacefully.

I do not see any need for nuclear weapon for Finland, we can manage without. I concratulate you on space tech, Finland also has high tech industries on that field, through ESA.


Yeah, we are not much into sports. We just have been winning both kinds of cricket world cups, badminton tournaments, tennis, boxing, wrestling, etc. etc. etc. But who am I kidding, these are not sports right ?
 

Ancient Indian

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Re: India & China were the biggest economies throughout recorded histo

It is not @jouni that is talking.
The Euro is expensive. And he thinks that he can buy any thing with it.
Sorry to burst your bubble. The world is changing super fast. you should adopt to it.
Your Euro is going to fall in next decade. We will see who will have the last laugh.
 
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TrueSpirit1

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Re: India & China were the biggest economies throughout recorded histo

@jouni

We having been reigning undisputed Olympic champions in Hockey for around 45 years. No nation ever can compare to this feat.

The Indian men's field hockey team is the most successful field hockey team ever in Olympic history with 8 gold, 1 silver, and 2 bronze medals.

As far as cricket is concerned, we literally run the game, world-over. All formats of the game. We are the current-world champions as well.

I agree, our country does not have a vibrant sporting culture as compared to Australia, Russia, China, Canada, USA. We are specially challenged in field-n-track events.

Still, we can hold our own against anyone (including the Central Asian republics) in "Strength" sports, i.e. boxing, wrestling, weight-lifting etc. at all levels.

Same goes for rifle-shooting, pistol-shooting & archery.

We have a tradition of physical jostling & marksmanship spanning several milleniums. The 6 centuries of foreign domination could do little to subdue this innate spirit & skill.

Though "west-dominated sports associations" try their best to subvert the wrestling rules in their favour. Still, we continue to compete & secure position among the winners.

Badminton has been our forte as well, from time to time. Indian "shuttler" Saina Nehwal was ranked second in the world in the year 2010 (she won an Olympic medal). Prakash Padukone and Pullela Gopichand, both won the All England Open in 1980 and 2001 respectively.

Chess, the game India gave to the world, has also been recently reclaimed by Indian participation. Read about Vishwanathan Anand who has ruled the roost for around 15 years.

Described by grandmaster and chess commentator Lubomir Kavalek as the most versatile world champions ever,[3] Anand has won the World Chess Championship five times[4] (2000, 2007, 2008, 2010, 2012), and was the undisputed World Champion from 2007 to 2013. Anand was the World Blitz Chess champion in 2000.[5] Anand was the FIDE World Rapid Chess Champion in 2003, and is widely considered the strongest rapid player of his generation.[6][7] He is one of the two world champions who won the Classical, Rapid and Blitz world championships.[5] Anand has won the Chess Oscar six times (1997, 1998, 2003, 2004, 2007, 2008). Anand is the only world champion who won the world championship playing in all different formats (Match, Tournament, and Knockout).
Anand is one of eight players in history to break the 2800 mark on the FIDE rating list. He occupied the number one position in several rating lists between 2007 and 2011.
 
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TrueSpirit1

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Re: India & China were the biggest economies throughout recorded histo

Finland has a population of 5 million. It is quite impossible for him to even imagine issues of a 1.2 billion population country. Hence we see the aid bullshit cum trolling every now and then. It is a ploy to assert the little Scandinavian nation's significance in the world. Japan is our biggest aid donor, but do we come across such wailing from them? Do we ask for aid? No. They force us to take it like this. in.news.yahoo.com/uk-govt-facing-grave-political-embarrassment-over-not-061416989.html

@jouni...you ought to know this...

Finland has a population of 5 million. India has over a dozen cities/districts with much higher populations. & to imagine, we have over 676 districts. Obviously, it is quite impossible for you to even imagine issues of a 1.2 billion population country & the power/strength & issues/challenges that come along with. Hence we see the aid bullshit cum trolling every now and then.

It is a ploy to assert the little Scandinavian nation's significance in the world. Japan is our biggest aid donor, but do we come across such wailing from them?

Do we ask for aid ? No. They force us to take it like this.

https://in.news.yahoo.com/uk-govt-facing-grave-political-embarrassment-over-not-061416989.html
 
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TrueSpirit1

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Re: India & China were the biggest economies throughout recorded histo

I don't want to argue anymore, but I still think that you cannot blame Brits 2014 to what happened 1814. You are just fooling yourselves, sorry. I will study the east India company, thanks for the advice.
@jouni are you really moron or illiterate ? or drunk ? Or just acting like one ?

The British left in 1947, not in 1814. :facepalm:
 
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jouni

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Re: India & China were the biggest economies throughout recorded histo

@jouni...you ought to know this...

Finland has a population of 5 million. India has over a dozen cities/districts with much higher populations. & to imagine, we have over 676 districts. Obviously, it is quite impossible for you to even imagine issues of a 1.2 billion population country & the power/strength & issues/challenges that come along with. Hence we see the aid bullshit cum trolling every now and then.

It is a ploy to assert the little Scandinavian nation's significance in the world. Japan is our biggest aid donor, but do we come across such wailing from them?

Do we ask for aid ? No. They force us to take it like this.

https://in.news.yahoo.com/uk-govt-facing-grave-political-embarrassment-over-not-061416989.html
If we compare foreign aid given by country, Finland gives 1.55Bn $ and India 1,35Bn $. It is great to see India move from receiver to doner, in a few year you will surpass Finland in this field I guess. In Finland we believe that every citizen is important, we have never used small population or lack of resources as an excuse of why we cannot aim to the top of the world.
 
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jouni

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Re: India & China were the biggest economies throughout recorded histo

@jouni are you really moron or illiterate ? or drunk ? Or just acting like one ?

The British left in 1947, not in 1814. :facepalm:
I was comparing that you cannot still blame UK for what happened hundreds of years ago, I know that they left 1947. I watched an interesting document about UK and colonialism and it was not all bad, Brits brought schools, healthcare, railroads etc. which are still benefiting those countries long after they left. It was a surprise how industrial India was when Brits came, that really is interesting history which I have to study more.
 
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