History, asked by mehranqadrishah, 9 months ago

the most prosperous Indian industries was the?

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Answered by saahas66
1

Answer:

The Maurya Empire was followed by classical and early medieval kingdoms, including the Cholas, Guptas, Western Gangas, Harsha, Palas, Rashtrakutas and Hoysalas. During this period, Between 1 CE and 1000 CE, the Indian subcontinent is estimated to have accounted for one-third, to one-fourth of the world's population, and product, though GDP per capita was stagnant. India experienced per capita GDP growth in the high medieval era after 1000, during the Delhi Sultanate, but was not as productive as 15th century Ming China. After most of the subcontinent was reunited under the Mughal Empire, the empire became the largest economy by 1700, producing about a quarter of global GDP, before fragmenting, and being conquered over the century. According to the Balance of Economic Power, India had the largest and most advanced economy for most of the interval between the 1st century and 18th century, the most of any region for a large part of the last two millennia.

During the Mughal Empire, India was the world leader in manufacturing, producing 25% of the world's industrial output up until the mid-18th century, prior to British rule. Due to its ancient history as a trading zone and later its colonial status, colonial Indiaremained economically integrated with the world, with high levels of trade, investment and migration. India experienced deindustrialization 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.

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