This week China became the second largest economy behind only to the US surpassing Japan which held this position for the last 43 years. It also surpassed Germany in terms of total exports to the GDP ratio.
India is the 11 economy in the world today. In 16 Century we were the second largest economy with the global trade share of 24.5% aggregate this was the time when Emperor Aurangzeb ruled and this was the largest share by any country in the world ever.
After that British East India company came to the power in early 19 Century and this share reduced to 16% then ultimately 12.2% by 1870. And now we are sitting at a paltry 6.3% of the global trade share that too when our population is 1/5th of the globes population.
These are some of the not so interesting statistics, came across in The Times of India today....