E-COMMERCE INDIA HUB

The economic history of India begins with the Indus Valley Civilisation (3300 to 1300 BC), whose economy depended significantly on trade of agricultural produce, textile, food processing and crafts. trading from India to West Asia and Eastern Europe was active between the 14th and 18th centuries. India accounted for 25% of the world's industrial output till 1750Until the 18th century India accounted for 95% of British imports and 40% of Dutch imports from Asia. This growth of manufacturing has been referred to as a form of proto-industrialization, similar to 18th-century Western Europe prior to the Industrial Revolution1900 under British colonial rule which created an institutional environment to exploit Indian resources resulting in declining of India's native manufacturing industries and production of food crops , no wonder why India's contribution in world's industrial output sank to just 2% from 25% in 1750sAfter independence in 1947 India adopted a soc...