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Indian GDP, 1600 -1870: Some Preliminary Estimates Comparison with Britain

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  • Broadberry, Stephen; Gupta

    (University of Warwick)

Abstract

This paper provides estimates of Indian GDP constructed from the output side for the period 1600-1871, and combines them with population estimates to track changes in living standards. Indian per capita GDP declined steadily. As British living standards increased from the mid-seventeenth century, India fell increasingly behind. Whereas in 1650, Indian per capita GDP was more than 80 per cent of the British level, by 1871 it had fallen to less than 15 per cent. As well as placing the origins of the Great Divergence firmly in the early modern period, these estimates suggest a relatively prosperous India at the height of the Mughal Empire, with living standards well above bare bones subsistence

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File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/research/papers/07.2010_broadberry.pdf
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Bibliographic Info

Paper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 07.

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Date of creation: 2010
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Handle: RePEc:cge:warwcg:07

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Keywords: Indian GDP; Comparison; Britain;

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  1. Lvarez-Nogal, Carlos & Prados De La Escosura, Leandro, 2007. "The decline of Spain (1500 1850): conjectural estimates," European Review of Economic History, Cambridge University Press, vol. 11(03), pages 319-366, December.
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