Why was India known as the Golden Bird (Sone ki Chidiya) in the ancient times?
When of autonomy, India was battered, wounded and left injured. Antiquated India was known as a Golden Sparrow since it was well off, prosperous and had set up Socio-monetary frameworks and I will investigate in this answer, regardless of whether it is a claim by a bombastic Indian, or were the stories of Indian Riches genuine?
Mark Twain summarises why India is called a "Golden Sparrow". He quotes: The land of dreams and romance, of fabulous wealth and fabulous poverty, of splendour and rags, of palaces and hovels, of famine and pestilence, of genii and giants and Aladdin lamps, of tigers and elephants, the cobra and the jungle, the country of hundred nations and a hundred tongues, of a thousand religions and two million gods, cradle of the human race, birthplace of human speech, mother of history, grandmother of legend, great-grandmother of traditions, whose yesterday’s bear date with the modering antiquities for the rest of nations-the one sole country under the sun that is endowed with an imperishable interest for alien prince and alien peasant, for lettered and ignorant, wise and fool, rich and poor, bond and free, the one land that all men desire to see, and having seen once, by even a glimpse, would not give that glimpse for the shows of all the rest of the world combined.
#1. Evidence of Business Practices and Corporate Structure in Business India:
India is a nation with a long and effective history of exchange. Old India had a wide range of types of business association including the sreni. The sreni can be dated from a period much more established than many would expect for the advancement of the corporate frame – from around 800 B.C. This originates before, by hundreds of years, the soonest Roman proto-enterprises. The points of interest of sreni's arrangement, administration and control advise that its advancement relates well to more cutting edge speculations about the improvement of the corporate shape.#2. First Evidence of usage of Coins and replacement of barter system:
Around 600 BC, the Mahajanapadas printed punch-checked silver coins. The period was set apart by concentrated exchange action and urban improvement. India was one of the primary nations on the planet to move from deal framework to cash based exchange framework alongside the greeks. Around 350 BCE Chanakya set out the establishment of traditional financial matters. He additionally set down establishment of Maurya Empire which gave political solidarity and military security giving premise to normal monetary structure in India. #3. India's Economic Status after 1 A.D
a) Pre Mughal Rule (1AD – 1500AD): India was the world’s largest economy during the years 1 AD and 1000 AD. In 1500 AD India’s economy had a 24.5% share of world income, the second largest in the world after China, which had a 25% share.
b) Mughal Rule (1570-1793) : Momentum of India continues. In 1600 AD. India’s income of £17.5 million was greater than the entire treasury of Great Britain in 1800, which totalled £16 million. Perceptible decline starts after 1700.
c) East India Company era (1793-1857): India GDP becomes 40% of China’s GDP. India missed industrial revolution and it slipped further.
d) The British Raj (1860-1947) : India’s economy had a 3.8% share of world income in 1952.
