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The Dominion of India, officially the Union of India, [7] was an independent dominion in the British Commonwealth of Nations existing between 15 August 1947 and 26 January 1950. [8] Until its independence, India had been ruled as an informal empire by the United Kingdom.
By 1991, India still had a fixed exchange rate system, where the rupee was pegged to the value of a basket of currencies of major trading partners. India started having balance of payments problems in 1985, and by the end of 1990, the state of India was in a serious economic crisis exacerbated by the Gulf War and the accompanying oil price spike.
India's GDP (PPP) per capita was stagnant during the Mughal Empire and began to decline prior to the onset of British rule. [15] India's share of global industrial output declined from 25% in 1750 to 2% in 1900. [14] From 1600 to 1871 the ratio of GDP per capita in India to that in Britain fell from more than 60% to less than 15%. [16]
India is the second-largest market in the world by number of telephone users (both fixed and mobile phones) with 1.053 billion subscribers as of 31 August 2016. It has one of the lowest call-tariffs in the world, due to fierce competition among telecom operators. India has the world's third-largest Internet user-base.
The 2020 Delhi riots, which left more than 50 dead and hundreds injured, [315] [316] were triggered by protests against a citizenship law seen by many critics as anti-Muslim and part of Prime Minister Narendra Modi's Hindu nationalist agenda. [317] [318] Haryana (2023)
ASER reported in 2019 that only 50% of fifth standard students in rural India could read a Standard II-level text, and only 29% of them could do basic division. [ 77 ] However, due to a shortage of resources and lack of political will, this system suffers from massive gaps including high pupil to teacher ratios, shortage of infrastructure and ...
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