Saurab, Sameera

Infrastructure: History & challenges - Yojana - 66(1), Jan, 2022: p.39-41

India's independence was in itself a turning point in its economic history. The country was poor as a result of steady deindustrialization by the British. Less than a sixth of Indians were literate. The abject poverty and sharp social differences had cast doubts on India's survival as one nation. Cambridge historian Angus Maddison's work shows that India's share of world income shrank from 22.6% in 1700 (almost equal to Europe's share of 23.3%) to 3.8% in 1952. The country that owned the brightest jewel in the British Crown lagged behind in the world in terms of per capita income at the beginning of the 20th century. – Reproduced