{"id":4246,"date":"2007-05-13T20:23:33","date_gmt":"2007-05-13T20:23:33","guid":{"rendered":"http:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/05\/two-millennia-indias-economic-journey-1st-century-2000-ad\/"},"modified":"2007-05-13T20:23:33","modified_gmt":"2007-05-13T20:23:33","slug":"two-millennia-indias-economic-journey-1st-century-2000-ad","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2007\/05\/two-millennia-indias-economic-journey-1st-century-2000-ad\/","title":{"rendered":"Two Millennia of India&#039;s Economic Journey: 1st Century to 2000 AD"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><head><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><\/head><body><p>India is a poor country today.  But was it always like that?  If you look at the <a href=\"http:\/\/en.wikipedia.org\/wiki\/List_of_countries_by_past_GDP_%28PPP%29\" class=\" decorated-link\" target=\"_blank\" rel=\"nofollow\">GDP figures<\/a> (courtesy: Wikipedia) of India vs the rest of the world \u2013 the journey is extremely interesting.  For most part of the two millenia, India and China simply ruled the world.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"761\" border=\"\" width=\"458\" style=\"margin: 5px\" class=\"\" alt=\"\" src=\"https:\/\/i43.photobucket.com\/albums\/e375\/deshkapoor\/gdp-1-1820_final.jpg\">Until 1000 AD India was clearly well and truly the richest country.  The share of the World\u2019s GDP was around 30% for the first millenia.  Then by 1500 AD the Islamic rulers had started making their raids from North, and the Hindu Kings had started becoming weak.  From a country where spirituality and rule of law was paramount, India, suddenly was losing in its own web.<\/p>\n<p>Then by 1600 AD, the Mughals were ruling India, and it went down further.  The roles of China and India in the world\u2019s economic dominance were now truly reversed.  In <span style=\"text-decoration:underline\">1000 AD<\/span>, the shares were <span style=\"color:Maroon\">India \u2013 28.90<\/span>\/<span style=\"color:Navy\">China \u2013 22.70<\/span>; and <span style=\"text-decoration:underline\">in 1600<\/span> the shares had changed to <span style=\"color:Maroon\">India \u2013 22.60<\/span>\/<span style=\"color:Navy\">China \u2013 29.20<\/span>.  Whereas the Ming dynasty had done wonders for China, Mughals had brought it down.  It was the rule of Akbar and then Jahangir and Shahjahan, that India regained its numero uno position back, probably also helped by the Qing dynasty in China. <\/p>\n<p>A country that was at the peak of science and technology edge was in 600-700 years of rule of Islam and self-serving Hindu rulers, had been slowly but gradually lost the urge to succeed and grow.  This period \u2013 the Mughal period \u2013 is, in my personal view, the one time that broke the back of progressiveness in the Indian (Hindu) ethos \u2013 culturally and scientifically.  We were to pay for such lack of urgency.<\/p>\n<p>We had many invaders but none made India as poor as the British.  They systematically took the wealth of the country out and replaced it with total dependence!  All that was done in the name of \"free-trade\"\u2026 where the work was moved to a place where it was done best.  So, our raw material was taken out and we got expensive finished goods back.  We paid for lack of preparation. <\/p>\n<p style=\"float: left;font-size: 0.9 em;background-color: #F5D2FB\"><strong>Law of Personal and Societal Growth<\/strong><br>No one \u2013 a person in his\/her career or life or a society \u2013 grows in linear manner constantly.  Everything grows up and down in curves interspersed with plateaus.  These plateaus are the times that the preparation for the next level should be made.  Decisions taken in life of a person and an organization ultimately decide which way the curve will move.. up .. or down.  In India\u2019s case, religion had clouded the normal life.  We were forgetting to live in harmony with science and nature.. but were adamant to use religion to define what nature was.  True Science will always be at odds with Religion, and always be in harmony with spirituality.  For spirituality, like science is an exploration.  Honest and clear and no-nonsense.  It does not and should not define a result before it is achieved.  There are no conjectures, or strict laws on how the final result of a step forward should be.  In anticipation is the salvation of the exploration.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"800\" width=\"400\" style=\"margin: 5px\" class=\"\" alt=\"\" src=\"https:\/\/i43.photobucket.com\/albums\/e375\/deshkapoor\/GDP-1820-1998_final.jpg\">If that was all, it would have been fine, worst was the money from treasury was usurped back to England or to fund more and more wars for colonization. The money was slowly but surely taken out.  Bengal famine and many other such horrendous events resulted.<\/p>\n<p>Once the richest country was brought to its knees.  If India is resurgent today, it is because of its inherent strength of character.. its Civilizational character.  It takes a certain set of characteristics to create a nation.  But it takes a whole lot of different characteristics to create a civilization.  A Civilization has an inherent strength of creating and re-creating itself while remaining the same.  Most other civilizations \u2013 like Greek, Roman, and Chinese have lost their basic character, but India still retains its 5000 years old (I personally believe it to be at least 10,000 years but I did not write the history, the British did) ethos while becoming modern.<\/p>\n<p>These things have been said by many people, but I will provide here the economic data to show how it was to demonstrate the strength and fall of India as an economic power.(pointed to me by my friend, Sanjay Goel)<\/p>\n<p>Within a period of 90-odd years, the British virtually drained India\u2019s economy dry!  From the top economic power in 1820 with a share of 16% of the World\u2019s GDP, India came down to just 7.6% in 1913.<\/p>\n<p>It was not as if the misery of India was gone with the Brits.  The first generation of free Indians left a lot to be desired.  That generation collectively set India on a terrible downward turn.<\/p>\n<p>There were two main issues, in my personal opinion, that contributed to the downward trend.<\/p>\n<p><strong>Idealism without adequate Practicality:<\/strong> Personal Idealism should be translated into rule of law not just generally felt self-aggrandisement.  But that is what really happened!  Right from Gandhi downward, every person was Idealist not because they wanted to set Rule of Law, but they would often flout those very laws.  <em>Dictatorship of Idealists though subtle was unmistakeable!<\/em><\/p>\n<p><strong>Vision abandoned for Rejoicing of the Moment:<\/strong> What that generation lack was simply vision.  That generation was consumed in the occasion of the time.  Meanwhile, the population increased by leaps and bounds.  Suddenly, in 50 years time, a population that was \"manageable\" had turned monumental, while the infrastructural growth was inadequate to handle any growth.<\/p>\n<p>It wasn\u2019t until the Indian mind \u2013 that was responsible for India\u2019s original economic peak, started the reverse journey.  As the economy was unfettered, the Indian techies, under the radar of the Government bureaucracy performed a miracle.  It used the common talent from the NIIT\u2019s and Aptech\u2019s to use Y2K to the most telling effect.  The GDP share had risen from a miserable 3.10% to 5.00% amidst great competition in the World Economy.<\/p>\n\n\n\n\n\n<p style=\"color:#008;text-align:right\"><em>Powered by<\/em> <a href=\"http:\/\/www.qumana.com\/\" class=\" decorated-link\" target=\"_blank\" rel=\"nofollow\">Qumana<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>India is a poor country today.  But was it always like that?<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,31,33,68],"tags":[],"class_list":["post-4246","post","type-post","status-publish","format-standard","hentry","category-economics","category-history","category-india","category-special_stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two Millennia of India&#039;s Economic Journey: 1st Century to 2000 AD<\/title>\n<meta name=\"description\" content=\"India is a poor country today. 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