What could have happened to Indian Economy if it wasn't colonised...in accordance with the data given below?

Question

http://en.wikipedia.org/wiki/List_of_countries_by_past_GDP_(PPP)

I THINK TECHNOLOGICAL DEVELOPMENT WOULD HAVE DELAYED A BIT BUT ULTIMATELY A BETTER ECONOMIC POSITION WAS ON THE CARDS.

I mean to ask ...compare the data given and what could be India's share in the world....coz until b4 it was colonised at 1700 or so it constituted for 25% of world GDP

Answer 1

The Indian Economy started to flourished after they were given independence. UK on the other hand, started to lose grip of being the most powerful country in the world because they're starting to lose most of their colony, where India is one of them. Note: UK's economic prowess has been at the expense of its colonies (India, South Africa, Canada etc.) With India being colonised, natural resources has been exploited as well to nourish UK's economy. There are but little benefits India has got from UK. Partly, technological advancement. The IT boom in India however is mostly due to Indian's intelligence and effort. India's talents and skilled population, with a little help from its coloniser, makes India one of the booming IT - driven countries in the world.

If India would have not been colonised, India's economic development could have been optimised. Resources should have been used for India's holistic development instead of partly being used for UK's prosperity. If India were not colonised by UK however, there's a tendency that other colonisers would have invaded India... and definitely, India's fate as of status quo would be different from what India is currently experiencing.

Answer 2

Firstly the economic structure of Colonialism is to take the raw materials from the colony as export to the mother country. The mother country rework the materials and sells it back to the colony as their imports.

India had the benefit of the British educational system which gave them a high literacy rate. During this technological era we are now experiencing, India is certainly a shining star as a result of that educational system.

Presently India is so overpopulated that it can hardly export any agricultural products or lumber. The sub-continent is not endowed with an abundance of minerals other than cement and semi precious stones. There is a lot of manufacturing in the cotton and synthetic clothing industry. However, again I must say that because of the past British influence and their educational system, India is now becoming the destination of most outsourcing from other economic powers who are looking for ways to reduce their own overhead.