Economic History of India

The economic history of India spans thousands of years, marked by rich trade networks, agricultural innovations, and cultural exchanges. In ancient times, India was known for its spices, textiles, and wealth, attracting traders globally. The Mughal Empire further developed commerce and infrastructure. However, British colonial rule (1858-1947) significantly changed India's economy, leading to deindustrialization and resource exploitation. Post-independence in 1947, India embraced a mixed economy, focusing on self-sufficiency and industrialization. Economic liberalization in the 1990s opened up markets, boosting growth and global integration, positioning India as one of the world's major emerging economies today.