Economic Dynamics: India vs. England

Following the success of last year’s ⁠What About China ⁠-trilogy, I’m delighted to introduce a two-part series on the economic history of India. This series examines the origins of modern India by focusing on politics, poverty, and the experience of ordinary Indians from 1600 till today.

The first episode covers the decline of the Mughals and the hugely controversial rule of the British East India Company and, later, the British Crown.

One thing is clear: Most Indians lived in poverty when the British left. So, how much of Indian poverty was due to British policies? How much was shaped by deeper trends? And what should we make of those infamous railways?

To tackle these questions, I’m joined by Bishnupriya Gupta, a professor of economics at the University of Warwick and one of the world’s leading historians of the Indian economy. Her new book, ⁠An Economic History of India⁠, provides a uniquely objective and data-driven exploration of India’s history, focusing on the well-being of ordinary people.

In this episode, we discuss:

Indian vs English living standards in 1600 / The impact of British colonialism on India’s economy / The Great Famines of Bengal / What both imperial apologists and Indian nationalists get wrong about the British rule.

In the end, Gupta also explains why Mahatma Gandhi's education might be a clue as to why India lagged behind East Asia in the 20th Century.

Enjoy — and stay tuned for Part II on the era of Independence!

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