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Evolution of Indian Economy Quiz
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Evolution of Indian Economy Quiz

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Questions and Answers

What was India's approximate contribution to global GDP in 1000 AD?

  • 52%
  • 23%
  • 29%
  • 50.5% (correct)

    • In 1600 AD, India and China contributed approximately what percentage of global GDP combined?

  • 52% (correct)
  • 23%
  • 29%
  • 16.1%

    • By 1820, India's share of global GDP had plummeted to approximately what percentage?

  • 16.1% (correct)
  • 7.3%
  • 3rd
  • 24.4%

    • According to the International Monetary Fund (IMF), what is India's current approximate contribution to global GDP?

    <p>7.3%</p> Signup and view all the answers

    In terms of GDP purchasing power parity (PPP), where does India rank in the world currently?

    <p>3rd</p> Signup and view all the answers

    What impact did British colonialism have on India's economic performance?

    <p>Ignored industrialization and exploited raw materials</p> Signup and view all the answers

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