Friday, December 31, 2010

Historical GDP - India world's richest nation for 1600 years+

It's kinda sad to see how well India was and how badly she was exploited during the colonial rule. India has been the richest nation since before christ and till 17th century.  In 17th century, China became the largest economy. Till 20th century India maintained it's 2nd position. However in 1913 the situation changed and India dropped to 7th position and first time the GDP is less than UK GDP. By 1950 the situation worsened and thanks to our politicians and people we are still in poverty.

a nation which has been the largest economy in the world for almost 1600 years, now watches 60% of its children living with less than $2 a day. The change need to start from the people first.


Source: Economist
            Wikipedia

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