Answer:
Ans. In 1000 AD South Asia contained an estimated 75 of the world's 267.33 million people (28.05%), and who individually generated an estimated average of 
450 (1990 dollars) PPP per annum, and collectively produced 33,750 million, of the world's 121,208 million (27.84%), the largest regional contribution. There is no doubt that our grievances against the British Empire had a sound basis. As the painstaking statistical work of the Cambridge historian Angus Maddison has shown, India's share of world income collapsed from 22.6% in 1700, almost equal to Europe's share of 23.3% at that time, to as low as 3.8% in 1952. Indeed, at the beginning of the 20th century, "the brightest jewel in the British Crown" was the poorest country in the world in terms of per capita income. First estimation of India's national income by Dadabhai Naoroji in 1868. In 1970, India's economy had a 9.2% share of world income under the British Empire. By 1913, India's economy had a 5.4% share of world income under the British Empire. In 1952, India's economy had a 3.8% share of world income, In 1973, India's economy was 494.8 billion, which accounted for a 3.1% share of world income. During 1980-1991 Indian economy was Economically closed. In 1991 Economic liberalisation was initiated by Indian Prime Minister P. V. Narasimha Rao and his finance minister Manmohan Singh in response to a macroeconomic crisis. In 2010, India's economy is 4.002 trillion (purchasing power parity) which accounts for a 6.3% share of world income, the fourth largest in the world in terms of real GDP. In 2012, India's economy is 4.825 trillion (purchasing power parity), the third largest in the world in terms of real GDP. In 2014, India's economy is $7.376 trillion (purchasing power parity), the third largest in the world in terms of real income
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