India was always a poor country
AI-drafted · awaiting admin review
For most of recorded history India was one of the world's largest economies. Economic historian Angus Maddison estimated India's share of world output at about a quarter around 1700; it had fallen to about 4% by 1950, after colonial rule.
Myth: India has always been poor.
Fact: For most of recorded history India was one of the world's largest economies. Economic historian Angus Maddison estimated India's share of world output at about a quarter around 1700; it had fallen to about 4% by 1950, after colonial rule.
Indian textiles, spices, steel and gems were traded across the world for millennia. Today India is again among the world's largest and fastest-growing major economies.