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A Short History of India’s Economy: Pre- and Post-Independence Period

Author

Listed:
  • Shrotryia Vijay Kumar

    (University of Delhi, India)

  • Singh Shashank Vikram Pratap

    (University of Delhi, India)

Abstract

India is one of the most populated countries in the world and was famously known as the golden bird. It was known for its rich cultural heritage and some of the world’s most significant educational institutions. Over the countless decades and centuries, the invaders exploited the resources for their advantage. At the decline of the independence in 1947, it was left backward with one of the poorest economies of the world of that time. The richness of erstwhile India, the status of the golden bird, the sacred intellectual space that India occupied has only textual value for the present generation. Through this academic paper, an attempt has been made to address the following questions: what was the state of the economy of India during the pre- and post-independence period, how has India transformed herself from one of the most impoverished economies in 1947 to currently the third-largest economy in the world, and how is the current economic and non-economic status of India.

Suggested Citation

  • Shrotryia Vijay Kumar & Singh Shashank Vikram Pratap, 2020. "A Short History of India’s Economy: Pre- and Post-Independence Period," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(4), pages 388-406, December.
    • Handle: RePEc:vrs:ecoreg:v:13:y:2020:i:4:p:388-406:n:2
    DOI: 10.2478/ers-2020-0029
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    economic history; growth history; India; political economy; pre-independence period; post-independence period;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • N00 - Economic History - - General - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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