Tuesday, September 6, 2011

Quick guide to Indian economic history

Indian Economy and how grand its history was, has always been a mystery. Some say Kingdoms in Indian subcontinent were richest at that time and others disagree. I am in no position to reveal any secrets but in this post i will try to clear my thoughts about Indian as i write.

History reveals that Indian plains were one of the oldest civilized area and could even be post-pyramid era. Proofs of trade with Egypt is very evident. A population of 2 lac in Mohanjadaro must have had great resources to create such a large city. I proves one point if not more, the region had conditions and natural resources to be rich in pre-industrial era.

The Kingdom of Mauryas has been described to be as sophisticated as any Chinese or Arab contemporary. Although it is believed to be smaller than European kingdom, the trade records point out that Mouryas could have had a bigger economy. The Southern Indian kingdoms are also known to be Grander then the Romans.

Then why did the economic hub become so poor?

Reasons are many. Biggest being political inefficiency of the rulers after Mauryas. We failed to defend our people from foreign attacks and social differences.

After the Game Changer (2nt World War), it all went back to 1500 BC. America being the then Europe and Europe being the then India.

Indian subcontinent has always been soft, and has survived in a peaceful world. I see todays India back in the Maurya age with strong ideals and bright future.