--- title: "Meaning & Key Takeaway of: the British economic historian Angus…" description: "\"“the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23 per cent, as large as all of Europe put toge..." image: "https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg" --- # the British economic historian Angus Maddison has… ![“the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb’s treasury raked in £100 million in tax revenues alone.) By the time the…” quote by Shashi Tharoor](https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg) [Download](https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg) [Open image](https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg) > ““the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb’s treasury raked in £100 million in tax revenues alone.) By the time the British departed India, it had dropped to just over 3 per cent.”” [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. India’s economic share fell dramatically from the 18th century to post‑colonial times. **In simple terms:** India’s global economic role shrank over centuries. Key Takeaway Recognize historical economic shifts. Themes economics colonialism history Mood analytical inquisitive Type historical informative When to use this quote - policy making - education - business strategy - public debate Key Concepts economic history development studies Questions to Reflect On - What factors drove the decline? - How can modern policy learn from this history? A Different Perspective Historical data may be contested or incomplete. ★ ★ ★ ★ ★ No ratings yet [History](https://sms4smile.com/quotes/about/history/) [World economy](https://sms4smile.com/quotes/about/world-economy/) ## Related quotes > [“At the beginning of the eighteenth century, as the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23…](https://sms4smile.com/quotes/shashi-tharoor/at-the-beginning-of-the-eighteenth-century-as-the-british-economic/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [India and the U.K. share a dynamic future on the world stage.](https://sms4smile.com/quotes/alok-sharma/india-and-the-u-k-share-a-dynamic-future-on-the-world-stage/) [Alok Sharma](https://sms4smile.com/quotes/author/alok-sharma/) > [“India, under Mughal Emperor Aurangzeb, accounts for 27 per cent of the world economy.”](https://sms4smile.com/quotes/shashi-tharoor/india-under-mughal-emperor-aurangzeb-accounts-for-27-per-cent-of-the/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the…](https://sms4smile.com/quotes/daniel-yergin/i-think-the-producers-for-the-most-part-don-t-want-to-see-prices/) [Daniel Yergin](https://sms4smile.com/quotes/author/daniel-yergin/) > [The world economy diffuses rather than concentrates wealth.](https://sms4smile.com/quotes/robert-gilpin/the-world-economy-diffuses-rather-than-concentrates-wealth/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [“Race theorists, who are as old as imperialism itself, want to achieve racial purity in peoples whose interbreeding, as a result of the expansion…](https://sms4smile.com/quotes/wilhelm-reich/race-theorists-who-are-as-old-as-imperialism-itself-want-to-achieve/) [Wilhelm Reich](https://sms4smile.com/quotes/author/wilhelm-reich/) > [It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is…](https://sms4smile.com/quotes/lawrence-summers/it-used-to-be-said-that-when-the-u-s-sneezed-the-world-caught-a-cold/) [Lawrence Summers](https://sms4smile.com/quotes/author/lawrence-summers/) > [Today China is a first world economy, in terms of development. The U.S. may still be in first in GDP but it is a…](https://sms4smile.com/quotes/alejandro-castro-espin/today-china-is-a-first-world-economy-in-terms-of-development-the-u-s/) [Alejandro Castro Espin](https://sms4smile.com/quotes/author/alejandro-castro-espin/) > [Politically, the world economy really depends on consultants. Because it's also, in a way, an outsourcing of responsibility. They can say, "Yeah, they told…](https://sms4smile.com/quotes/maren-ade/politically-the-world-economy-really-depends-on-consultants-because/) [Maren Ade](https://sms4smile.com/quotes/author/maren-ade/) > [It's not unreasonable to imagine that, at least as we're in a transition to a world economy, it's still necessary now to pay attention…](https://sms4smile.com/quotes/michael-crichton/it-s-not-unreasonable-to-imagine-that-at-least-as-we-re-in-a/) [Michael Crichton](https://sms4smile.com/quotes/author/michael-crichton/) > [Oil prices have certainly become a threat for the world economy.](https://sms4smile.com/quotes/rodrigo-rato/oil-prices-have-certainly-become-a-threat-for-the-world-economy/) [Rodrigo Rato](https://sms4smile.com/quotes/author/rodrigo-rato/) > [“Europe, it is true, is a geographical and, within certain limits, an historical cultural conception. But the idea of Europe as an economic unit…](https://sms4smile.com/quotes/rosa-luxemburg/europe-it-is-true-is-a-geographical-and-within-certain-limits-an/) [Rosa Luxemburg](https://sms4smile.com/quotes/author/rosa-luxemburg/) > [God is our shelter and strength, always ready to help us in times of trouble. So we will not be afraid, even if the…](https://sms4smile.com/quotes/glen-rambharack/god-is-our-shelter-and-strength-always-ready-to-help-us-in-times-of/) [Glen Rambharack](https://sms4smile.com/quotes/author/glen-rambharack/) > [I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the…](https://sms4smile.com/quotes/max-keiser/i-believe-the-world-economy-will-crash-when-russia-or-china-moves-to/) [Max Keiser](https://sms4smile.com/quotes/author/max-keiser/) > [“The amount of stored information grows four times faster than the world economy, while the processing power of computers grows nine times faster. Little…](https://sms4smile.com/quotes/viktor-mayer-sch-nberger/the-amount-of-stored-information-grows-four-times-faster-than-the/) [Viktor Mayer-Schönberger](https://sms4smile.com/quotes/author/viktor-mayer-sch-nberger/) ## More by Shashi Tharoor > [“six decades of Independence have wrought significant change, as exposure to British practices has faded and India’s natural boisterousness has reasserted itself. Some of…](https://sms4smile.com/quotes/shashi-tharoor/six-decades-of-independence-have-wrought-significant-change-as/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“My China Diary and Walking With Lions, were memoirs of his diplomatic and political experiences. The”](https://sms4smile.com/quotes/shashi-tharoor/my-china-diary-and-walking-with-lions-were-memoirs-of-his-diplomatic/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [The U.N. guards the vital principles entrenched in its charter, notably the sovereign equality of states and the inadmissibility of interference in their internal…](https://sms4smile.com/quotes/shashi-tharoor/the-u-n-guards-the-vital-principles-entrenched-in-its-charter-notably/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“control. The people’s character is deliberately debased, their mind is denationalized and perpetually kept in ignorance and fed with stories of England’s greatness and…](https://sms4smile.com/quotes/shashi-tharoor/control-the-people-s-character-is-deliberately-debased-their-mind-is/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“The past is not necessarily a guide to the future, but it does partly help explain the present. One cannot, as I have written…](https://sms4smile.com/quotes/shashi-tharoor/the-past-is-not-necessarily-a-guide-to-the-future-but-it-does-partly/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [The steep decline in America's image and standing after 9/11 is a direct reflection of global distaste for the instruments of American hard power:…](https://sms4smile.com/quotes/shashi-tharoor/the-steep-decline-in-america-s-image-and-standing-after-9-11-is-a/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“On election days, the burdens of poverty and corruption and of a creaky economic system are put aside, and India celebrates. Many voters dress…](https://sms4smile.com/quotes/shashi-tharoor/on-election-days-the-burdens-of-poverty-and-corruption-and-of-a/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“History, in any case, cannot be reduced to some sort of game of comparing misdeeds in different eras; each period must be judged in…](https://sms4smile.com/quotes/shashi-tharoor/history-in-any-case-cannot-be-reduced-to-some-sort-of-game-of/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“India is my country, and in that sense my outrage is personal. But I seek nothing from history—only an account of itself.”](https://sms4smile.com/quotes/shashi-tharoor/india-is-my-country-and-in-that-sense-my-outrage-is-personal-but-i/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [I make no bones about the fact that India matters to me, and I would like to matter to India.](https://sms4smile.com/quotes/shashi-tharoor/i-make-no-bones-about-the-fact-that-india-matters-to-me-and-i-would/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“In debate he thought high and aimed low.”](https://sms4smile.com/quotes/shashi-tharoor/in-debate-he-thought-high-and-aimed-low/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [“Jawaharlal Nehru, who wrote in a 1936 letter to an Englishman, Lord Lothian, that British rule is ‘based on an extreme form of widespread…](https://sms4smile.com/quotes/shashi-tharoor/jawaharlal-nehru-who-wrote-in-a-1936-letter-to-an-englishman-lord/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [Much of the conventional analysis of India's stature in the world relies on the all-too-familiar economic assumptions. But we are famously a land of…](https://sms4smile.com/quotes/shashi-tharoor/much-of-the-conventional-analysis-of-india-s-stature-in-the-world/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [Universality of the UN is a worthwhile thing in its own self because it means that every country belongs, feels it has a stake,…](https://sms4smile.com/quotes/shashi-tharoor/universality-of-the-un-is-a-worthwhile-thing-in-its-own-self-because/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) > [The Chinese, as befits a Communist autocracy, approached the task of dominating the Olympics with top-down military discipline.](https://sms4smile.com/quotes/shashi-tharoor/the-chinese-as-befits-a-communist-autocracy-approached-the-task-of/) [Shashi Tharoor](https://sms4smile.com/quotes/author/shashi-tharoor/) [Explore all 153 Shashi Tharoor quotes ](https://sms4smile.com/quotes/author/shashi-tharoor/) ## More History quotes > [Histories never conclude; they just pause their prose. Their stories are, if they are truthful, untidy affairs, resistant to windings-up and sortings-out. They beat…](https://sms4smile.com/quotes/simon-schama/histories-never-conclude-they-just-pause-their-prose-their-stories/) [Simon Schama](https://sms4smile.com/quotes/author/simon-schama/) > [It is said that history turns on small hinges. A human career, too, results from an accumulating series of decisions about large and small…](https://sms4smile.com/quotes/norman-vincent-peale/it-is-said-that-history-turns-on-small-hinges-a-human-career-too/) [Norman Vincent Peale](https://sms4smile.com/quotes/author/norman-vincent-peale/) > [The history of mankind interests us only as it exhibits a steady gain of truth and right, in the incessant conflict which it records…](https://sms4smile.com/quotes/ralph-waldo-emerson/the-history-of-mankind-interests-us-only-as-it-exhibits-a-steady-gain/) [Ralph Waldo Emerson](https://sms4smile.com/quotes/author/ralph-waldo-emerson/) > [In the entire history of the universe, let alone in your own history, there has never been another day just like today, and there…](https://sms4smile.com/quotes/frederick-buechner/in-the-entire-history-of-the-universe-let-alone-in-your-own-history/) [Frederick Buechner](https://sms4smile.com/quotes/author/frederick-buechner/) > [The NBA is my history.](https://sms4smile.com/quotes/penny-hardaway/the-nba-is-my-history/) [Penny Hardaway](https://sms4smile.com/quotes/author/penny-hardaway/) > [History has often showed us the strength of the forces that are unleashed by the yearning for freedom. It moved people to overcome their…](https://sms4smile.com/quotes/angela-merkel/history-has-often-showed-us-the-strength-of-the-forces-that-are/) [Angela Merkel](https://sms4smile.com/quotes/author/angela-merkel/) > [We find few historians who have been diligent enough in their search for truth; it is their common method to take on trust what…](https://sms4smile.com/quotes/john-dryden/we-find-few-historians-who-have-been-diligent-enough-in-their-search/) [John Dryden](https://sms4smile.com/quotes/author/john-dryden/) > [What is history after all? History is facts which become lies in the end.](https://sms4smile.com/quotes/jean-cocteau/what-is-history-after-all-history-is-facts-which-become-lies-in-the/) [Jean Cocteau](https://sms4smile.com/quotes/author/jean-cocteau/) > [Things live and die, and then someone processes them into edible portions. This is a complete telling of the story, 'Food.' The basic plot…](https://sms4smile.com/quotes/david-fahrenthold/things-live-and-die-and-then-someone-processes-them-into-edible/) [David Fahrenthold](https://sms4smile.com/quotes/author/david-fahrenthold/) > [History is a certain way, but you just change the point of view a little bit, and you discover a whole new side of…](https://sms4smile.com/quotes/allison-schroeder/history-is-a-certain-way-but-you-just-change-the-point-of-view-a/) [Allison Schroeder](https://sms4smile.com/quotes/author/allison-schroeder/) > [We're at a point in history were we have to become a part of the neighborhood of inhabited planets, like a neighborhood of a…](https://sms4smile.com/quotes/edgar-mitchell/we-re-at-a-point-in-history-were-we-have-to-become-a-part-of-the/) [Edgar Mitchell](https://sms4smile.com/quotes/author/edgar-mitchell/) > [Today is a reality, tomorrow's a promise, and yesterday's history!](https://sms4smile.com/quotes/billy-blanks/today-is-a-reality-tomorrow-s-a-promise-and-yesterday-s-history/) [Billy Blanks](https://sms4smile.com/quotes/author/billy-blanks/) > [Truth be told from compulsive liars with a history/Everything must change 2nd chances are a mystery](https://sms4smile.com/quotes/c-dash/truth-be-told-from-compulsive-liars-with-a-history-everything-must/) C-DASH > [Every army in the history of the world has always had some deserters, usually much greater than we have today, because once again every…](https://sms4smile.com/quotes/bryan-hilferty/every-army-in-the-history-of-the-world-has-always-had-some-deserters/) [Bryan Hilferty](https://sms4smile.com/quotes/author/bryan-hilferty/) > [“To those great geniuses now in petticoats, who shall write novels for the beloved reader's children, these men and things will be as much…](https://sms4smile.com/quotes/william-makepeace-thackeray/to-those-great-geniuses-now-in-petticoats-who-shall-write-novels-for/) [William Makepeace Thackeray](https://sms4smile.com/quotes/author/william-makepeace-thackeray/) [Browse all 27,263 History quotes ](https://sms4smile.com/quotes/about/history/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb’s treasury raked in £100 million in tax revenues alone.) By the time the British departed India, it had dropped to just over 3 per cent.”", "creator": { "@type": "Person", "name": "Shashi Tharoor" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/shashi-tharoor/the-british-economic-historian-angus-maddison-has-demonstrated-india/", "about": { "@type": "Thing", "name": "History" }, "@id": "https://sms4smile.com/quotes/shashi-tharoor/the-british-economic-historian-angus-maddison-has-demonstrated-india/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg", "url": "https://sms4smile.com/quotes/i/ce8/shashi-tharoor-2698_history_the-british-economic-historian-angus-mad_365671.jpg", "width": 1080, "height": 1080, "caption": "“the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23…” — Shashi Tharoor", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Shashi Tharoor", "item": "https://sms4smile.com/quotes/author/shashi-tharoor/" }, { "@type": "ListItem", "position": 4, "name": "“the British economic historian Angus Maddison...", "item": "https://sms4smile.com/quotes/shashi-tharoor/the-british-economic-historian-angus-maddison-has-demonstrated-india/" } ], "@id": "https://sms4smile.com/quotes/shashi-tharoor/the-british-economic-historian-angus-maddison-has-demonstrated-india/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```