Modern and efficient infrastructure in India: Is it possible without a world-class chemical industry?

摘要

According to Maddison Project data on historical GDP (Bolt, J. and J. L. van Zanden, The first update of the Maddison Project; Re-Estimating Growth Before 1820, Maddison Project Working Paper 4), India dominated world trade till AD 1000. Between AD 1000 and 1700, India and China alternatively ranked at first position. In short, before the era of industrialization, India and China were No.1 and No. 2 in world trade. After AD 1700, India disappeared from world trade. What happened while Europe was revolutionizing world trade and industries in Europe were throwing manmade goods into the world market?