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A Short History Of India’S Economy: Pre- And Post-Independence Period

Author

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  • Shrotryia, Vijay Kumar
  • Singh, Shashank Vikram Pratap

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), John Paul II University of Applied Sciences in Biala Podlaska, vol. 13(4), December.
    • Handle: RePEc:ags:plecrs:308910
    DOI: 10.22004/ag.econ.308910
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    File URL: https://ageconsearch.umn.edu/record/308910/files/02-seir-t13-nr4-2020%20Shrotryia_Singh.pdf
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    Cited by:

    1. V. K. Shrotryia & Shashank Vikram Pratap Singh, 2020. "Measuring Progress Beyond GDP: A Theoretical Perspective," Emerging Economy Studies, International Management Institute, vol. 6(2), pages 143-165, November.

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    Keywords

    Political Economy;

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