RISE OF INDIARISE OF INDIA

BYBYSHIVAJI CHOUDHURYSHIVAJI CHOUDHURY

INDIA’S CONTRIBUTIONS TO WORLD GDP INDIA’S CONTRIBUTIONS TO WORLD GDP OVER THE YEAROVER THE YEAR

(per cent of world total)(per cent of world total)• According to calculation by

Angus Maddison,eminent economic historian,on a PPP basis, India accounted for;

• In 1AD- 32.9• In 1000 AD- 28.9• In 1500 AD- 24.4• In 1820 AD- 16.0• In 1913 AD- 7.5 • In 1950 AD- 4.2 • In 1973 AD- 3.1 • In 2001 AD -5.4

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1 1500 1913 1973

INDIA

PERCENTAGE SHARE OF WORLD GDP IN PPP TERMSPERCENTAGE SHARE OF WORLD GDP IN PPP TERMS1-2001 AD1-2001 AD

1 AD 1000 1500 1600 1700 1820 1870 1913 1950 2001

INDIA 32.9 28.9 24.4 22.4 24.4 16 12.1 7.5 4.2 5.4

USA - - 0.3 0.2 0.1 1.8 8.8 18.9 27.3 21.4

UK - - 1.1 1.8 2.9 5.2 9.0 8.2 6.5 3.2

JAPAN 1.2 2.7 3.1 2.5 4.1 3.0 2.3 2.6 3.0 7.1

CHINA 2.6 22.7 24.9 29.0 22.3 32.9 17.1 8.8 4.5 12.3

RISE OF INDIARISE OF INDIA

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1 AD 1500 1900 2001

INDIA

USA

UK

CHINA

INDIA AND TOTAL WESTERN EUROPEINDIA AND TOTAL WESTERN EUROPE

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1 1500 1700 1870 1950 2001

INDIA

WESTERN EUROPE

RICHEST NATION RICHEST NATION 1AD TO 2000 AD1AD TO 2000 AD

• INDIA- 1500 YEARS• CHINA 350 YEARS• USA 150 YEARS

INDIA AND UKINDIA AND UKPERCENT OF WORLD TOTAL GDP PERCENT OF WORLD TOTAL GDP

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1 1500 1700 1870 1950 2001

INDIA

UK

INDIA & USAINDIA & USA

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35

1AD 1500 1700 1870 1950 2001

INDIA

USA

PERFORMENC OF INDIAPERFORMENC OF INDIA ANALYSIS ANALYSIS

• In 1 AD- 32.1% - HINDU INDIA• In 1000- 28.7% - MUSLIM ATTACK• In 1500- 24.4% - INDIA UNDER MUSLIM RULE• In 1820- 16.0% - BRITISH ATTACK• In 1870 12.1 - INDIA UNDER BRITSH RULE• In 1913 7.5 - INDIA UNDER BRITISH RULE• In 1950 4.2 - INDEPENDENT INDIA• In 1973 3.1 - INDIA- UNDER CONTROL REGIME• In 2001 5.4 - EFFECT OF GLOBILISATION

GLOBILISATIONGLOBILISATION

• RISE OF WESTERN WORLD IS ONLY DURING COLONY ERA OR MONOPOLY BUSINESS. THEIR SHARE IS CONTINOUSLY DECREASING IN FREE TRADE REGIME.

• INDIA PERFORM WELL IN FREE TRADE REGIME