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However, by the end of British rule, India's economy represented a much smaller proportion of global GDP. In 1820, India's GDP was 16% of the global GDP. By 1870, it had fallen to 12%, and by 1947 to 4%. India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population.
The annual inflation rate in India was recorded at 6.95% in 2023. Historically, from 1960 until 2023, the annual inflation rate in India averaged 7.37% reaching an all-time high of 28.60% in 1974 and a record low of -7.63% in 1976. The inflation rate for Primary Articles is currently at 9.8% (as of 2012).
The two largest goods traded by India are mineral fuels (refined / unrefined) and gold (finished gold ware / gold metal). In the year 2013–14, mineral fuels (HS code 27) were the largest traded item with 181.383 billion US$ worth imports and 64.685 billion US$ worth re-exports after refining. In the year 2024–2025, gold and its finished ...
1976 sterling crisis. The 1976 sterling crisis was a currency crisis in the United Kingdom. Inflation (at close to 25% in 1975, causing high bond yields and borrowing costs), a balance-of-payments deficit, a public-spending deficit, and the 1973 oil crisis were contributors. [1]
States and union territories of India by the spoken first language [1] [note 1]. The Republic of India is home to several hundred languages.Most Indians speak a language belonging to the families of the Indo-Aryan branch of Indo-European (c. 77%), the Dravidian (c. 20.61%), the Austroasiatic (precisely Munda and Khasic) (c. 1.2%), or the Sino-Tibetan (precisely Tibeto-Burman) (c. 0.8%), with ...
0971-8257. OCLC number. 23379369. Website. timesofindia .indiatimes .com. Media of India. List of newspapers. The Times of India, also known by its abbreviation TOI, is an Indian English -language daily newspaper and digital news media owned and managed by The Times Group.