Need Help Please - India's Global GDP in the past

Discussion in 'Members Corner' started by BangersAndMash, Nov 8, 2012.

  1. BangersAndMash

    BangersAndMash Regular Member

    Joined:
    Apr 24, 2011
    Messages:
    748
    Likes Received:
    539
    Location:
    England
    Hi,

    I need info, dates & stats about India's wealth in the past. I think I read on this forum, once upon a time, India accounted for 20% - 25% of global wealth. I am not able to find any decent sources (maybe I'm not typing the correct words in google).

    Please help me out, I need good links.

    Thank you.
     
  2.  
  3. thakur_ritesh

    thakur_ritesh Administrator Administrator

    Joined:
    Feb 19, 2009
    Messages:
    4,434
    Likes Received:
    1,719
    Location:
    Land of the GODS - "Dev Bhomi".
    BangersAndMash likes this.
  4. thakur_ritesh

    thakur_ritesh Administrator Administrator

    Joined:
    Feb 19, 2009
    Messages:
    4,434
    Likes Received:
    1,719
    Location:
    Land of the GODS - "Dev Bhomi".
  5. BangersAndMash

    BangersAndMash Regular Member

    Joined:
    Apr 24, 2011
    Messages:
    748
    Likes Received:
    539
    Location:
    England
    Just found a webpage. Not sure if the following link will work.

    Peace studies journal. Vol 5, Issue2, May 2012.

    https://docs.google.com/viewer?a=v&...ELXHhC&sig=AHIEtbT_C50lO95W4hGq22nbW9OMP3xlVw

    On page 98, it says:-

    "India had the world's largest economy between the first and fifteenth centuries, from 32.9 percent share of the world GDP in the first century to 24.5 percent in 1500. In 1700, India's share of the world's income was 24.4 percent, relative to Europe's 23.3 percent.
     
  6. uvbar

    uvbar Regular Member

    Joined:
    Oct 9, 2012
    Messages:
    129
    Likes Received:
    23
  7. Rage

    Rage DFI TEAM Stars and Ambassadors

    Joined:
    Feb 23, 2009
    Messages:
    5,409
    Likes Received:
    970
    Angus Maddison is the singular voice of authority on the subject mainly because he has researched it more comprehensively than others.

    You might find more useful information in:

    • The Cambridge Economic History of India: Vol. 1, c. 1200-c. 1750. Covers the Late Medieval Period of the Vijaynagara Empire, the Sultanates and the Kingdom of Ahom. And the Mughal Empire in its incline and at its zenith.
    • The Cambridge Economic History of India: Vol. 2, c.1751-c.1970. Covers the Mughal period in its decline, the Maratha Confederacy, the British Raj and Fabian Socialist Independent India.
    • India in the World Economy from Antiquity to the Present. by Tirthankara Roy.
     
    Last edited: Nov 9, 2012
  8. Yusuf

    Yusuf GUARDIAN Administrator

    Joined:
    Mar 24, 2009
    Messages:
    24,274
    Likes Received:
    11,283
    Location:
    BANGalore
    India's rapid decline and Britains rapid rise post battle of Plassey.
     
  9. civfanatic

    civfanatic Retired Moderator

    Joined:
    Sep 8, 2009
    Messages:
    4,562
    Likes Received:
    2,526
    Location:
    తెలంగాణ
    The graph is useful for obtaining a general picture of how prosperous Asia was in the past compared to the rest of the world, but the figures from 2,000 years ago are largely speculative. There are, of course, no actual records of the Indian GDP from that time.

    If you want more "hard" statistics, you can look at the Mughal imperial records, which actually kept track of the total income the empire produced. The annual income of Mughal India during Akbar's reign around 1600 was reported at 99 million silver rupees; this was larger than the income of all European states put together, as well as larger than the entire treasury of the British Empire in 1800.
     
    Rage likes this.
  10. blank_quest

    blank_quest Senior Member Senior Member

    Joined:
    Aug 4, 2012
    Messages:
    2,128
    Likes Received:
    927
  11. Rage

    Rage DFI TEAM Stars and Ambassadors

    Joined:
    Feb 23, 2009
    Messages:
    5,409
    Likes Received:
    970
    That's excellent information. Can you provide a source for that please. As well as any other Mughal economic annals you may find.
     
  12. civfanatic

    civfanatic Retired Moderator

    Joined:
    Sep 8, 2009
    Messages:
    4,562
    Likes Received:
    2,526
    Location:
    తెలంగాణ
    thakur_ritesh, Rage and Daredevil like this.
  13. Rage

    Rage DFI TEAM Stars and Ambassadors

    Joined:
    Feb 23, 2009
    Messages:
    5,409
    Likes Received:
    970
    Excellent. I'll try and get it when I'm next at the Sassoon.

    From the cover, doesn't seem like it'd be much of an economic source though. But you know what they say about a book and judging it...
     
  14. civfanatic

    civfanatic Retired Moderator

    Joined:
    Sep 8, 2009
    Messages:
    4,562
    Likes Received:
    2,526
    Location:
    తెలంగాణ
    It's a book on the reign of Akbar, but it contains plenty of information on economic and social aspects of India during this time.

    If you want primary sources, you could look at the Ain-e-Akbari, which details the administration of the empire.
     
    Rage likes this.
  15. BangersAndMash

    BangersAndMash Regular Member

    Joined:
    Apr 24, 2011
    Messages:
    748
    Likes Received:
    539
    Location:
    England
    Thanks to all for your replies. :tea:

    DFI = awesomeness :hail:

    :peace:
     

Share This Page