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A Historical Tour To Indian Economy (Pre and Post Colonial Preview)

Author

Listed:
  • Dr. (Capt.) Santram

    (Head, Dept, of Commerce and Acting Principal, A.S. College, Mawana (U.P.))

Abstract

The economy of India is fastest growing major economy in the world with a GDP growth rate of 8.1 percent at the end of the first quarter of 2005-2006. i The agriculture in pre-colonial India satisfies the food requirements of the village and also provides raw materials for hand-based industries like textile, food processing and crafts. i The estimated revenue of Akbar’s Mogul empire in 1600 at £17.5 million in contrast to the entire treasury of Great Britian in 1800 i.e., £ 16 million. i A broader macro-economic view of India during the colonial period reveals that there were segments of both growth and decline. i The economic liberalisation of 1991, initiated by then Indian Prime Minister P.V. Narasimha Rao and his finance minister Mammohan Singh in response to a macro-economic crisis did away with the Licence Raj and ended public sector monopoly in sectors while automatically allowing approval to FDI.

Suggested Citation

  • Dr. (Capt.) Santram, 2005. "A Historical Tour To Indian Economy (Pre and Post Colonial Preview)," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 0(1), pages 41-44, October.
  • Handle: RePEc:jct:journl:v:0:y:2005:i:1:p:41-44
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    File URL: http://www.jctindia.org/october2005/v0i1-7
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    More about this item

    Keywords

    stress; employee attraction; pressure; turnover; retention strategies;
    All these keywords.

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C0 - Mathematical and Quantitative Methods - - General

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