Economy of the Mughal Empire

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The Mughal economy, covering the Indian subcontinent from the early sixteenth to the mid-eighteenth century, was one of the largest in the early modern world. At its peak under Akbar and his successors, it generated an estimated 22–24 per cent of global gross domestic product (GDP) and produced roughly a quarter of world manufacturing output. While the Mughal Empire is conventionally said to have been founded in 1526 by Babur, the Mughal imperial structure, however, is sometimes dated to 1600, to the rule of Babur's grandson, Akbar. The economy in South Asia during the Mughal era increased in productivity compared to medieval times. Mughal India's economy has been described as a form of proto-industrialisation, an inspiration for the 18th-century putting-out system of Western Europe prior to the Industrial Revolution. It was described as large and prosperous. India under Mughal rule produced about 28% of the world's industrial output up until the 18th century with significant exports in...

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