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India and the great divergence : an Anglo-Indian comparison of GDP per capita, 1600-1871
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Gupta, Bishnupriya and Broadberry, S. N. (2012) India and the great divergence : an Anglo-Indian comparison of GDP per capita, 1600-1871. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2012 (Number 80). (Unpublished)
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Text (Working paper)
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Abstract
This paper provides estimates of Indian GDP constructed from the output side for the pre-1871 period, and combines them with population estimates to track changes in living standards. Indian per capita GDP declined steadily during the seventeenth and eighteenth centuries before stabilising during the nineteenth century. As British living standards increased from the mid-seventeenth century, India fell increasingly behind. Whereas in 1600, Indian per capita GDP was over 60 per cent of the British level, by 1871 it had fallen to less than 15 per cent. As well as placing the origins of the Great Divergence firmly in the early modern period, the estimates suggest a relatively prosperous India at the height of the Mughal Empire, with living standards well above bare bones subsistence.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | D History General and Old World > DS Asia H Social Sciences > HB Economic Theory |
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Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Gross domestic product -- India, India -- Economic conditions -- 17th century, India -- Economic conditions -- 18th century, Great Britain -- Economic conditions -- 17th century, Great Britain -- Economic conditions -- 18th century, Gross domestic product -- Great Britain | ||||
Series Name: | CAGE Online Working Paper Series | ||||
Publisher: | Department of Economics, University of Warwick | ||||
Place of Publication: | Coventry, UK | ||||
Official Date: | March 2012 | ||||
Dates: |
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Volume: | Volume 2012 | ||||
Number: | Number 80 | ||||
Number of Pages: | 37 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Unpublished | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Date of first compliant deposit: | 1 August 2016 | ||||
Date of first compliant Open Access: | 1 August 2016 | ||||
Funder: | Seventh Framework Programme (European Commission) (FP7) | ||||
Grant number: | SSH7-CT-2008-225342 (FP7) | ||||
Version or Related Resource: | Broadberry, S. N. and Gupta, Bishnupriya (2010) Indian GDP, 1600-1871 : Some preliminary estimates and a comparison with Britain. Working Paper. Coventry: University of Warwick, Department of Economics. (CAGE Online Working Paper Series, Vol.2010). http://wrap.warwick.ac.uk/id/eprint/53977 Broadberry, Stephen and Gupta, Bishnupriya (2011). Indian GDP before 1870 : some preliminary estimates and a comparison with Britain. In: Economic History Society Annual Conference 2011. University of Cambridge, 1-3 Apr 2011. http://wrap.warwick.ac.uk/id/eprint/46021 | ||||
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