Per Capita Gdp Of United Kingdom And India During The Colonial Era

[donganaaK]

[alpachinao]

How to understand the ratio given their

[micxas]

Question-- when there was no actual way to appraise the value of currency how come they compare two countries currency and GDP? in 18th and 19th centuries..  Doesn't look real,

there was no way  to calculate GDP india because it was ruled by multiple kings whom never cooperated with each other  and also England started growing after Industrial revolution?   

[donganaaK]

Question-- when there was no actual way to appraise the value of currency how come they compare two countries currency and GDP? in 18th and 19th centuries..  Doesn't look real,

there was no way  to calculate GDP india because it was ruled by multiple kings whom never cooperated with each other  and also England started growing after Industrial revolution?   

 

i guess GDP is calculated by the value of total amount of goods manufactured in a year .. not by currency value .... yeah end of the its tough to calculate these figures  ,....

[micxas]

i guess GDP is calculated by the value of total amount of goods manufactured in a year .. not by currency value .... yeah end of the its tough to calculate these figures  ,....

Yeah but its abt the income generated n expenditure...economy  economy ante money ee kada, money ante currency

 

now there is a way to compare UK pound to IND rupee, like 1 pound= x rupees, but back in 18th century etla compare chestam two economies and two currencies? there was no offcial way right? so that graph must be made by some :police: . 

[ravula]

motham anni continents nundi dobbindru kada

so anthe untadi valla GDP

[thedarkknight]

indis GDP would be higer than uks in 1700s i guess

 

 

[athletics]

The thing is whoever had the technogoly ruled the world and true to date.. No wonder britan had guns then and they ruled more than half the world

[donganaaK]

Yeah but its abt the income generated n expenditure...economy economy ante money ee kada, money ante currency

now there is a way to compare UK pound to IND rupee, like 1 pound= x rupees, but back in 18th century etla compare chestam two economies and two currencies? there was no offcial way right? so that graph must be made by some :police: .

I guess there is a way to estimate these figures , if u do a quick search u can see a ton of these estimates ..... I'm not exactly sure how it's done though

http://en.m.wikipedia.org/wiki/List_of_regions_by_past_GDP_%28PPP%29_per_capita

[micxas]

I guess there is a way to estimate these figures , if u do a quick search u can see a ton of these estimates ..... I'm not exactly sure how it's done though

http://en.m.wikipedia.org/wiki/List_of_regions_by_past_GDP_%28PPP%29_per_capita

thanks, will check..

[micxas]

The following estimates were made by the economic historian Paul Bairoch  (*,):?