GENERAL KNOWLEDGE

Detailed explanation-1: -The Indian subcontinent had the largest economy in the world for most of the interval between the 1st and 18th centuries. Until 1000 AD, the GDP share of India was around 50-60% of world economy.

Detailed explanation-2: -Dadabhai Naoroji through his book, “Poverty and Unbritish Rule in India” made the earliest estimation of poverty line (₹16 to ₹35 per capita per year). The poverty line proposed by him was based on the cost of a subsistence or minimum basic diet (rice or flour, dal, mutton, vegetables, ghee, vegetable oil, and salt).