In 1750 India produced 24.5% of the total manufacturing output of the world. This output started declining after British colonized India and was reduced to a mere 2% by 1900.
In 1775, Asia produced about 80% of everything in the world. India then clothed the entire world supplying almost all of world’s textile demands. In 1721, Britain completely banned cotton textiles import from India to protect the interests of its local weavers. After the Battle of Plassey in 1757 (which opened the doors for the occupation of India by British), things took a turn and India was reduced to a mere supplier of raw materials and labor for Britain’s industries.–
1. “International Industrialization Levels from 1750 to 1980,” Journal of European Economic History, 11, 269 –333, P Bairoch (1982)
2. Robert B. Marks, The Origins of the Modern World: A Global and Ecological Narrative (2002)
3. ADAMS, B. (1918), The Law of Civilization and Decay, Indian Industrial Commission 1916 –18, cited in Levkovsky, 1972, page 5
4. History Of Technology, Manufacturing, And The Industrial Revolution: An Alternate Perspective On Schmenner’S Hypotheses- Kalyan Singhal