<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"A Short History of India\u2019s Economy: Pre- and Post-Independence Period"}

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...

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

Published Online: Dec 31, 2020

Page range: 388 - 406

Received: Jul 01, 2020

Accepted: Oct 01, 2020

DOI: https://doi.org/10.2478/ers-2020-0029

Keywords
economic history, growth history, India, political economy, pre-independence period, post-independence period

© 2020 Vijay Kumar Shrotryia et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: Dec 31, 2020

Page range: 388 - 406

Received: Jul 01, 2020

Accepted: Oct 01, 2020

DOI: https://doi.org/10.2478/ers-2020-0029

Keywordseconomic history, growth history, India, political economy, pre-independence period, post-independence period

© 2020 Vijay Kumar Shrotryia et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
economic history, growth history, India, political economy, pre-independence period, post-independence period