Question

state the growth of aggregate of real GDP and per capita income during the first half of the 20th century in India (1 mark answer) ​

Answer 1

Answer:

India experienced deindustrialisation and cessation of various craft industries under British rule, which along with fast economic and population growth in the Western World resulted in India's share of the world economy declining from 24.4% in 1700 to 4.2% in 1950, and its share of global industrial output declining from 25% in 1750 to 2% in 1900. Due to its ancient history as a trading zone and later its colonial status, colonial India remained economically integrated with the world, with high levels of trade, investment and migration