Misplaced Pages

Global Financial Centres Index

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

The Global Financial Centres Index ( GFCI ) ranks the competitiveness of financial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as the World Bank , the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit . The first index was published in March 2007. It has been jointly published twice per year by the London -based think tank Z/Yen and the China Development Institute since 2015. It is widely quoted as a top source for ranking financial centres.

#932067

154-4207: The 36th edition of the GFCI was published in September 2024. New York City , London and Hong Kong ranked top 3 globally. The latest report ranked 120 international financial centres into the following matrix: [REDACTED] London [REDACTED] New York [REDACTED] Washington, D.C. [REDACTED] Paris [REDACTED] Los Angeles [REDACTED] Tokyo [REDACTED] Zurich [REDACTED] Amsterdam [REDACTED] Dublin * [REDACTED] Frankfurt [REDACTED] Singapore * [REDACTED] Seoul [REDACTED] Kuala Lumpur [REDACTED] Brussels [REDACTED] Dubai [REDACTED] Abu Dhabi [REDACTED] Casablanca * [REDACTED] Mauritius [REDACTED] Hong Kong [REDACTED] Luxembourg [REDACTED] Beijing * [REDACTED] Istanbul * [REDACTED] Shanghai * [REDACTED] Boston [REDACTED] Chicago * [REDACTED] Busan [REDACTED] Edinburgh [REDACTED] Berlin [REDACTED] Rome [REDACTED] Milan [REDACTED] Geneva [REDACTED] Montreal [REDACTED] Toronto [REDACTED] Munich [REDACTED] Sydney [REDACTED] Osaka [REDACTED] Hamburg [REDACTED] Melbourne [REDACTED] Miami [REDACTED] Vancouver [REDACTED] Stuttgart [REDACTED] Bangkok [REDACTED] Vienna * [REDACTED] Madrid * [REDACTED] Stockholm [REDACTED] San Francisco * [REDACTED] Athens [REDACTED] Copenhagen * [REDACTED] Mumbai * [REDACTED] GIFT City-Gujarat * [REDACTED] Riyadh * [REDACTED] Bermuda * [REDACTED] Qingdao [REDACTED] Shenzhen [REDACTED] Tel Aviv [REDACTED] Astana [REDACTED] Jersey [REDACTED] Moscow [REDACTED] Mexico City [REDACTED] Panama * [REDACTED] Bahamas [REDACTED] Nairobi [REDACTED] Bahrain [REDACTED] Jakarta [REDACTED] Doha [REDACTED] Lagos [REDACTED] New Delhi [REDACTED] Johannesburg [REDACTED] Cape Town [REDACTED] Guangzhou * [REDACTED] São Paulo [REDACTED] Kigali * [REDACTED] British Virgin Islands [REDACTED] Cayman Islands [REDACTED] Taipei * [REDACTED] Liechtenstein * [REDACTED] Oslo * [REDACTED] San Diego [REDACTED] Glasgow [REDACTED] Calgary * [REDACTED] Minneapolis/St Paul [REDACTED] Wellington [REDACTED] Santiago [REDACTED] Lisbon [REDACTED] Warsaw [REDACTED] Prague [REDACTED] Atlanta * [REDACTED] Helsinki * [REDACTED] Rio de Janeiro * [REDACTED] Tallinn * [REDACTED] Malta [REDACTED] Ho Chi Minh City * [REDACTED] Chengdu [REDACTED] Lugano [REDACTED] Xi'an * [REDACTED] Hangzhou * [REDACTED] Wuhan * [REDACTED] Tianjin * [REDACTED] Reykjavík [REDACTED] Monaco [REDACTED] Nanjing [REDACTED] Gibraltar [REDACTED] Dalian [REDACTED] Baku [REDACTED] Manila * [REDACTED] Buenos Aires [REDACTED] Sofia [REDACTED] Riga [REDACTED] Cyprus [REDACTED] Saint Petersburg [REDACTED] Budapest [REDACTED] Tehran [REDACTED] Bogotá * [REDACTED] Guernsey * [REDACTED] Bratislava [REDACTED] Vilnius [REDACTED] Almaty [REDACTED] Trinidad and Tobago [REDACTED] Barbados [REDACTED] Isle of Man * [REDACTED] Kuwait City An asterisk (*) denotes centres that have moved between categories between GFCI 35 and GFCI 36. This

308-619: A "Look East" policy that seeks to strengthen partnerships with the ASEAN nations, Japan , and South Korea that revolve around many issues, but especially those involving economic investment and regional security. China's nuclear test of 1964 , as well as its repeated threats to intervene in support of Pakistan in the 1965 war, convinced India to develop nuclear weapons. India conducted its first nuclear weapons test in 1974 and carried out additional underground testing in 1998. Despite criticism and military sanctions, India has signed neither

462-519: A 1988 coup d'état attempt in the Maldives. After the 1965 war with Pakistan, India began to pursue close military and economic ties with the Soviet Union ; by the late 1960s, the Soviet Union was its largest arms supplier. Aside from its ongoing special relationship with Russia , India has wide-ranging defence relations with Israel and France . In recent years, it has played key roles in

616-417: A fast-growing major economy and a hub for information technology services , with an expanding middle class. India has a space programme with several planned or completed extraterrestrial missions . Indian movies , music , and spiritual teachings play an increasing role in global culture. India has substantially reduced its rate of poverty , though at the cost of increasing economic inequality. India

770-722: A multi-party system , India has six   recognised national parties , including the Indian National Congress (INC) and the Bharatiya Janata Party (BJP), and more than 50   regional parties . The Congress is considered center in Indian political culture , and the BJP right-wing . For most of the period between 1950—when India first became a republic—and the late 1980s, the Congress held

924-631: A decade between Irish immigrants and Black people for work. Rioters burned the Colored Orphan Asylum to the ground. At least 120 people were killed. Eleven Black men were lynched over five days, and the riots forced hundreds of Blacks to flee. The Black population in Manhattan fell below 10,000 by 1865. The White working class had established dominance. It was one of the worst incidents of civil unrest in American history . In 1886,

1078-510: A financial centre's reputation by calculating the difference between weighted average of financial professionals' opinions and the GFCI rating of each locale. New York City New York , often called New York City or NYC , is the most populous city in the United States , located at the southern tip of New York State on one of the world's largest natural harbors . The city comprises five boroughs , each coextensive with

1232-674: A majority in the Parliament . Since then, however, it has increasingly shared the political stage with the BJP, as well as with powerful regional parties which have often forced the creation of multi-party coalition governments at the center. In the Republic of India's first three general elections, in 1951 , 1957 , and 1962 , the Pandit Jawaharlal Nehru -led Congress won easy victories. On Nehru's death in 1964, Lal Bahadur Shastri briefly became prime minister; he

1386-456: A maritime border with Thailand , Myanmar, and Indonesia . Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago. Their long occupation, initially in varying forms of isolation as hunter-gatherers, has made the region highly diverse, second only to Africa in human genetic diversity . Settled life emerged on the subcontinent in the western margins of

1540-685: A quarter of a million local government bodies at city, town, block, district and village levels. In the 1950s, India strongly supported decolonisation in Africa and Asia and played a leading role in the Non-Aligned Movement . After initially cordial relations with neighbouring China, India went to war with China in 1962 and was widely thought to have been humiliated. This was followed by another military conflict in 1967 in which India successfully repelled Chinese attack. India has had tense relations with neighbouring Pakistan;

1694-528: A respective county . The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area , the largest metropolitan area in the U.S. by both population and urban area . New York is a global center of finance and commerce , culture , technology , entertainment and media , academics and scientific output , the arts and fashion , and, as home to

SECTION 10

#1732757824933

1848-531: A result of Sandy, and the economic losses in New York City were estimated to be roughly $ 19 billion. The disaster spawned long-term efforts towards infrastructural projects to counter climate change and rising seas, with $ 15 billion in federal funding received through 2022 towards those resiliency efforts. In March 2020, the first case of COVID-19 in the city was confirmed. With its population density and its extensive exposure to global travelers,

2002-435: A skilled workforce , the flexibility of the labour market , the quality of the business education and the skill-set of the workforce, and quality of life . The infrastructure factors account for the price and availability of office space at the location, as well as public transport . The financial sector development factors assess the volume and value of trading in capital markets and other financial markets ,

2156-485: A speech denying the request, which was paraphrased on the front page of the New York Daily News as "FORD TO CITY: DROP DEAD." The Municipal Assistance Corporation was formed and granted oversight authority over the city's finances. While a resurgence in the financial industry greatly improved the city's economic health in the 1980s, New York's crime rate continued to increase through that decade and into

2310-431: A third of Indian plant species are endemic. India also contains four of the world's 34 biodiversity hotspots , or regions that display significant habitat loss in the presence of high endemism. According to official statistics, India's forest cover is 713,789 km (275,595 sq mi), which is 21.71% of the country's total land area. It can be subdivided further into broad categories of canopy density , or

2464-528: Is a federation with a parliamentary system governed under the Constitution of India—the country's supreme legal document. It is a constitutional republic. Federalism in India defines the power distribution between the union and the states . The Constitution of India, which came into effect on 26 January 1950, originally stated India to be a " sovereign , democratic republic ;" this characterisation

2618-579: Is a nuclear-weapon state , which ranks high in military expenditure . It has disputes over Kashmir with its neighbours, Pakistan and China, unresolved since the mid-20th century. Among the socio-economic challenges India faces are gender inequality , child malnutrition , and rising levels of air pollution . India's land is megadiverse , with four biodiversity hotspots . Its forest cover comprises 21.7% of its area. India's wildlife , which has traditionally been viewed with tolerance in India's culture ,

2772-699: Is defined by regional kingdoms and cultural diversity. When Harsha of Kannauj , who ruled much of the Indo-Gangetic Plain from 606 to 647  CE , attempted to expand southwards, he was defeated by the Chalukya ruler of the Deccan. When his successor attempted to expand eastwards, he was defeated by the Pala king of Bengal . When the Chalukyas attempted to expand southwards, they were defeated by

2926-407: Is expected to remain so in the near future. According to a 2011 PricewaterhouseCoopers ( PwC ) report, India's GDP at purchasing power parity could overtake that of the United States by 2045. During the next four decades, Indian GDP is expected to grow at an annualised average of 8%, making it potentially the world's fastest-growing major economy until 2050. The report highlights key growth factors:

3080-624: Is indicated by the large number of megalithic monuments dating from this period, as well as by nearby traces of agriculture , irrigation tanks , and craft traditions. In the late Vedic period, around the 6th century BCE, the small states and chiefdoms of the Ganges Plain and the north-western regions had consolidated into 16 major oligarchies and monarchies that were known as the mahajanapadas . The emerging urbanisation gave rise to non-Vedic religious movements, two of which became independent religions. Jainism came into prominence during

3234-405: Is one of the world's most populous megacities . The city and its metropolitan area are the premier gateway for legal immigration to the United States . As many as 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. In 2021, the city was home to nearly 3.1 million residents born outside the U.S., the largest foreign-born population of any city in

SECTION 20

#1732757824933

3388-417: Is run for five separate areas of competitiveness to assess how financial centres perform in each of the areas. The business environment factors aggregate and value the regulation , tax rates , levels of corruption , economic freedom and how difficult in general it is to do business. To measure regulation an online questionnaire has been used. The human capital factors summarize the availability of

3542-599: Is supported among these forests, and elsewhere, in protected habitats . According to the Oxford English Dictionary (third edition 2009), the name "India" is derived from the Classical Latin India , a reference to South Asia and an uncertain region to its east. In turn the name "India" derived successively from Hellenistic Greek India ( Ἰνδία ), ancient Greek Indos ( Ἰνδός ), Old Persian Hindush (an eastern province of

3696-722: The Achaemenid Empire ), and ultimately its cognate , the Sanskrit Sindhu , or "river", specifically the Indus River and, by implication, its well-settled southern basin. The ancient Greeks referred to the Indians as Indoi ( Ἰνδοί ), which translates as "The people of the Indus". The term Bharat ( Bhārat ; pronounced [ˈbʱaːɾət] ), mentioned in both Indian epic poetry and

3850-614: The American South . During construction in Foley Square in the 1990s, the African Burying Ground was discovered; the cemetery included 10,000 to 20,000 graves of colonial-era Africans, some enslaved and some free. The 1735 trial and acquittal in Manhattan of John Peter Zenger , who had been accused of seditious libel after criticizing colonial governor William Cosby , helped to establish freedom of

4004-632: The Arabian Sea . Coastal features include the marshy Rann of Kutch of western India and the alluvial Sundarbans delta of eastern India; the latter is shared with Bangladesh. India has two archipelagos : the Lakshadweep , coral atolls off India's south-western coast; and the Andaman and Nicobar Islands, a volcanic chain in the Andaman Sea . Indian climate is strongly influenced by

4158-506: The Asiatic cheetah ; the blackbuck, no longer extant in Punjab, is now severely endangered in India, and the cheetah is extinct. The pervasive and ecologically devastating human encroachment of recent decades has critically endangered Indian wildlife. In response, the system of national parks and protected areas , first established in 1935, was expanded substantially. In 1972, India enacted

4312-866: The Atlantic port to the agricultural markets and commodities of the North American interior via the Hudson River and the Great Lakes . Local politics became dominated by Tammany Hall , a political machine supported by Irish and German immigrants . In 1831, New York University was founded. Several prominent American literary figures lived in New York during the 1830s and 1840s, including William Cullen Bryant , Washington Irving , Herman Melville , Rufus Wilmot Griswold , John Keese , Nathaniel Parker Willis , and Edgar Allan Poe . Members of

4466-668: The Bill of Rights there. The Supreme Court held its first organizational sessions in New York in 1790. In 1790, for the first time, New York City surpassed Philadelphia as the nation's largest city. At the end of 1790, the national capital was moved to Philadelphia . During the 19th century, New York City's population grew from 60,000 to 3.43 million. Under New York State's gradual emancipation act of 1799, children of slave mothers were to be eventually liberated but to be held in indentured servitude until their mid-to-late twenties. Together with slaves freed by their masters after

4620-726: The Caribbean . The attempt at a peaceful solution to the war took place at the Conference House on Staten Island between American delegates, including Benjamin Franklin , and British general Lord Howe on September 11, 1776. Shortly after the British occupation began, the Great Fire of New York destroyed nearly 500 buildings, about a quarter of the structures in the city, including Trinity Church . In January 1785,

4774-615: The Comprehensive Nuclear-Test-Ban Treaty nor the Nuclear Non-Proliferation Treaty , considering both to be flawed and discriminatory. India maintains a " no first use " nuclear policy and is developing a nuclear triad capability as a part of its " Minimum Credible Deterrence " doctrine. It is developing a ballistic missile defence shield and, a fifth-generation fighter jet . Other indigenous military projects involve

Global Financial Centres Index - Misplaced Pages Continue

4928-475: The Constitution of India , is used in its variations by many Indian languages . A modern rendering of the historical name Bharatavarsha , which applied originally to North India , Bharat gained increased currency from the mid-19th century as a native name for India. Hindustan ( [ɦɪndʊˈstaːn] ) is a Middle Persian name for India that became popular by the 13th century, and

5082-625: The Delhi Sultanate and drawing northern India into the cosmopolitan networks of mediaeval Islam . In the 15th century, the Vijayanagara Empire created a long-lasting composite Hindu culture in south India. In the Punjab , Sikhism emerged, rejecting institutionalised religion. The Mughal Empire , in 1526, ushered in two centuries of relative peace, leaving a legacy of luminous architecture . Gradually expanding rule of

5236-686: The Ganges and the Brahmaputra . According to some current projections, the number and severity of droughts in India will have markedly increased by the end of the present century. India is a megadiverse country , a term employed for 17 countries that display high biological diversity and contain many species exclusively indigenous , or endemic , to them. India is the habitat for 8.6% of all mammals , 13.7% of bird species, 7.9% of reptile species, 6% of amphibian species, 12.2% of fish species, and 6.0% of all flowering plant species. Fully

5390-718: The Ganges Basin . Their collective era was suffused with wide-ranging creativity, but also marked by the declining status of women, and the incorporation of untouchability into an organised system of belief. In South India , the Middle kingdoms exported Dravidian-languages scripts and religious cultures to the kingdoms of Southeast Asia . In the early mediaeval era, Christianity , Islam , Judaism , and Zoroastrianism became established on India's southern and western coasts. Muslim armies from Central Asia intermittently overran India's northern plains, eventually founding

5544-586: The Himalayas . Immediately south of the emerging Himalayas, plate movement created a vast crescent-shaped trough that rapidly filled with river-borne sediment and now constitutes the Indo-Gangetic Plain . The original Indian plate makes its first appearance above the sediment in the ancient Aravalli range , which extends from the Delhi Ridge in a southwesterly direction. To the west lies

5698-905: The Hudson River , which he named Río de San Antonio ('Saint Anthony's River'). In 1609, the English explorer Henry Hudson rediscovered New York Harbor while searching for the Northwest Passage to the Orient for the Dutch East India Company . He sailed up what the Dutch called North River (now the Hudson River), named first by Hudson as the Mauritius after Maurice, Prince of Orange . Hudson claimed

5852-548: The Indian Rebellion of 1857 . Fed by diverse resentments and perceptions, including invasive British-style social reforms, harsh land taxes, and summary treatment of some rich landowners and princes, the rebellion rocked many regions of northern and central India and shook the foundations of Company rule. Although the rebellion was suppressed by 1858, it led to the dissolution of the East India Company and

6006-651: The Indus river basin 9,000 years ago, evolving gradually into the Indus Valley Civilisation of the third millennium BCE. By at least 1200  BCE , an archaic form of Sanskrit , an Indo-European language , had diffused into India from the northwest. Its evidence today is found in the hymns of the Rigveda . Preserved by an oral tradition that was resolutely vigilant , the Rigveda records

6160-535: The Indus Valley Civilisation , the first urban culture in South Asia, which flourished during 2500–1900  BCE in Pakistan and western India. Centred around cities such as Mohenjo-daro , Harappa , Dholavira , and Kalibangan , and relying on varied forms of subsistence, the civilisation engaged robustly in crafts production and wide-ranging trade. During the period 2000–500  BCE , many regions of

6314-721: The Lower Hudson Valley . The first documented visit into New York Harbor by a European was in 1524 by explorer Giovanni da Verrazzano . He claimed the area for France and named it Nouvelle Angoulême (New Angoulême ). A Spanish expedition, led by the Portuguese captain Estêvão Gomes sailing for Emperor Charles V , arrived in New York Harbor in January 1525 and charted the mouth of

Global Financial Centres Index - Misplaced Pages Continue

6468-742: The New York City Fire Department and 71 law enforcement officers. The area was rebuilt with a new World Trade Center , the National September 11 Memorial and Museum , and other new buildings and infrastructure, including the World Trade Center Transportation Hub , the city's third-largest hub. The new One World Trade Center is the tallest skyscraper in the Western Hemisphere and the seventh-tallest building in

6622-668: The Pallavas from farther south, who in turn were opposed by the Pandyas and the Cholas from still farther south. No ruler of this period was able to create an empire and consistently control lands much beyond their core region. During this time, pastoral peoples, whose land had been cleared to make way for the growing agricultural economy, were accommodated within caste society, as were new non-traditional ruling classes. The caste system consequently began to show regional differences. In

6776-406: The South Asia Satellite , a gift from India to its neighbouring SAARC countries. In October 2018, India signed a US$ 5.43 billion (over ₹ 400 billion) agreement with Russia to procure four S-400 Triumf surface-to-air missile defence systems, Russia's most advanced long-range missile defence system. According to the International Monetary Fund (IMF), the Indian economy in 2024

6930-406: The South Asian Association for Regional Cooperation and the World Trade Organization . The nation has provided 100,000 military and police personnel to serve in 35 UN peacekeeping operations across four continents. It participates in the East Asia Summit , the G8+5 , and other multilateral forums. India has close economic ties with countries in South America , Asia, and Africa; it pursues

7084-408: The Statue of Liberty , a gift from France , was dedicated in New York Harbor. The statue welcomed 14 million immigrants as they came to the U.S. via Ellis Island by ship in the late 19th and early 20th centuries, and is a symbol of the United States and American ideals of liberty and peace. In 1898, the City of New York was formed with the consolidation of Brooklyn (until then a separate city),

7238-465: The Stonewall riots were a series of violent protests by members of the gay community against a police raid that took place in the early morning of June 28, 1969, at the Stonewall Inn in Greenwich Village . They are widely considered to be the single most important event leading to the gay liberation movement and the modern fight for LGBT rights . Wayne R. Dynes , author of the Encyclopedia of Homosexuality , wrote that drag queens were

7392-406: The Thar Desert , the eastern spread of which is checked by the Aravallis. The remaining Indian Plate survives as peninsular India , the oldest and geologically most stable part of India. It extends as far north as the Satpura and Vindhya ranges in central India. These parallel chains run from the Arabian Sea coast in Gujarat in the west to the coal-rich Chota Nagpur Plateau in Jharkhand in

7546-424: The United Kingdom , and Canada . The President of India is the supreme commander of the nation's armed forces; with 1.45 million active troops, they compose the world's second-largest military . It comprises the Indian Army , the Indian Navy , the Indian Air Force , and the Indian Coast Guard . The official Indian defence budget for 2011 was US$ 36.03 billion, or 1.83% of GDP. Defence expenditure

7700-437: The Wildlife Protection Act and Project Tiger to safeguard crucial wilderness; the Forest Conservation Act was enacted in 1980 and amendments added in 1988. India hosts more than five hundred wildlife sanctuaries and eighteen   biosphere reserves , four of which are part of the World Network of Biosphere Reserves ; seventy-five wetlands are registered under the Ramsar Convention . A parliamentary republic with

7854-529: The cluster effect of the number of different financial service companies at the location, and employment and economic output indicators. Reputational and general considers more subjective aspects such as innovation , brand appeal, cultural diversity and competitive positioning. The index provides sub-rankings in the main areas of financial services – banking , investment management , insurance , professional services , government and regulation , finance , fintech , and trading . The index measures

SECTION 50

#1732757824933

8008-441: The direct administration of India by the British government. Proclaiming a unitary state and a gradual but limited British-style parliamentary system, the new rulers also protected princes and landed gentry as a feudal safeguard against future unrest. In the decades following, public life gradually emerged all over India, leading eventually to the founding of the Indian National Congress in 1885. The rush of technology and

8162-518: The headquarters of the United Nations , international diplomacy . With an estimated population in 2023 of 8,258,035 distributed over 300.46 square miles (778.2 km ), the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles , the nation's second-most populous city. With more than 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York City

8316-413: The most populous country . Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China , Nepal , and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives ; its Andaman and Nicobar Islands share

8470-403: The steamship General Slocum caught fire in the East River , killing 1,021 people. In 1911, the Triangle Shirtwaist Factory fire , the city's worst industrial disaster, killed 146 garment workers and spurred the growth of the International Ladies' Garment Workers' Union and major improvements in factory safety standards. New York's non-White population was 36,620 in 1890. New York City

8624-405: The temperate coniferous forest of the Himalayas , the moist deciduous sal forest of eastern India, and the dry deciduous teak forest of central and southern India. Open forest , whose canopy density is between 10% and 40%, occupies 9.26% of India's land area. India has two natural zones of thorn forest , one in the Deccan Plateau , immediately east of the Western Ghats, and the other in

8778-413: The waterfronts since Dutch colonial times; reclamation is most prominent in Lower Manhattan, with developments such as Battery Park City in the 1970s and 1980s. Some of the natural relief in topography has been evened out, especially in Manhattan. India India , officially the Republic of India , is a country in South Asia . It is the seventh-largest country in the world by area and

8932-400: The 10th century, Muslim Central Asian nomadic clans, using swift-horse cavalry and raising vast armies united by ethnicity and religion, repeatedly overran South Asia's north-western plains, leading eventually to the establishment of the Islamic Delhi Sultanate in 1206. The sultanate was to control much of North India and to make many forays into South India. Although at first disruptive for

9086-526: The 17th century was a factor in India's economic expansion, resulting in greater patronage of painting , literary forms, textiles, and architecture . Newly coherent social groups in northern and western India, such as the Marathas , the Rajputs , and the Sikhs , gained military and governing ambitions during Mughal rule, which, through collaboration or adversity, gave them both recognition and military experience. Expanding commerce during Mughal rule gave rise to new Indian commercial and political elites along

9240-653: The 1820s. India was then no longer exporting manufactured goods as it long had, but was instead supplying the British Empire with raw materials. Many historians consider this to be the onset of India's colonial period. By this time, with its economic power severely curtailed by the British parliament and having effectively been made an arm of British administration, the East India Company began more consciously to enter non-economic arenas, including education, social reform, and culture. Historians consider India's modern age to have begun sometime between 1848 and 1885. The appointment in 1848 of Lord Dalhousie as Governor General of

9394-596: The 1980s and the collaboration with Soviet Union for technical know-how, has created a large urban middle class, transformed India into one of the world's fastest-growing economies , and increased its geopolitical clout. Yet, India is also shaped by seemingly unyielding poverty, both rural and urban; by religious and caste-related violence ; by Maoist-inspired Naxalite insurgencies ; and by separatism in Jammu and Kashmir and in Northeast India . It has unresolved territorial disputes with China and with Pakistan . India's sustained democratic freedoms are unique among

SECTION 60

#1732757824933

9548-418: The 19th century, the city was transformed by both commercial and residential development relating to its status as a national and international trading center , as well as by European immigration, respectively. The city adopted the Commissioners' Plan of 1811 , which expanded the city street grid to encompass almost all of Manhattan. The 1825 completion of the Erie Canal through central New York connected

9702-473: The 3rd century BCE, the kingdom of Magadha had annexed or reduced other states to emerge as the Maurya Empire . The empire was once thought to have controlled most of the subcontinent except the far south, but its core regions are now thought to have been separated by large autonomous areas. The Mauryan kings are known as much for their empire-building and determined management of public life as for Ashoka 's renunciation of militarism and far-flung advocacy of

9856-633: The 4th and 5th centuries, the Gupta Empire had created a complex system of administration and taxation in the greater Ganges Plain; this system became a model for later Indian kingdoms. Under the Guptas, a renewed Hinduism based on devotion, rather than the management of ritual, began to assert itself. This renewal was reflected in a flowering of sculpture and architecture , which found patrons among an urban elite. Classical Sanskrit literature flowered as well, and Indian science , astronomy , medicine , and mathematics made significant advances. The Indian early medieval age, from 600 to 1200  CE ,

10010-493: The 6th and 7th centuries, the first devotional hymns were created in the Tamil language. They were imitated all over India and led to both the resurgence of Hinduism and the development of all modern languages of the subcontinent . Indian royalty, big and small, and the temples they patronised drew citizens in great numbers to the capital cities, which became economic hubs as well. Temple towns of various sizes began to appear everywhere as India underwent another urbanisation. By

10164-521: The 8th and 9th centuries, the effects were felt in Southeast Asia, as South Indian culture and political systems were exported to lands that became part of modern-day Myanmar , Thailand , Laos , Brunei , Cambodia , Vietnam , Philippines , Malaysia , and Indonesia . Indian merchants, scholars, and sometimes armies were involved in this transmission; Southeast Asians took the initiative as well, with many sojourning in Indian seminaries and translating Buddhist and Hindu texts into their languages. After

10318-433: The Andaman, Nicobar, and Lakshadweep island chains. According to the Indian naval hydrographic charts, the mainland coastline consists of the following: 43% sandy beaches; 11% rocky shores, including cliffs; and 46% mudflats or marshy shores. Major Himalayan-origin rivers that substantially flow through India include the Ganges and the Brahmaputra , both of which drain into the Bay of Bengal . Important tributaries of

10472-468: The BJP became the first political party since 1984 to win a majority and govern without the support of other parties. In the 2019 general election , the BJP was victorious again with majority. In the 2024 general election , the BJP failed to achieve majority and the BJP-led NDA coalition formed the government . Narendra Modi , a former chief minister of Gujarat , is serving as the 14th Prime Minister of India in his third term since May 26, 2014. India

10626-435: The BJP was able to form a successful coalition, the National Democratic Alliance (NDA). Led by Atal Bihari Vajpayee , the NDA became the first non-Congress, coalition government to complete a five-year term. Again in the 2004 Indian general elections , no party won an absolute majority, but the Congress emerged as the largest single party, forming another successful coalition: the United Progressive Alliance (UPA). It had

10780-429: The British East India Company followed, turning India into a colonial economy but also consolidating its sovereignty . British Crown rule began in 1858. The rights promised to Indians were granted slowly, but technological changes were introduced, and modern ideas of education and public life took root. A pioneering and influential nationalist movement emerged, which was noted for nonviolent resistance and became

10934-498: The Buddha is recorded in the Pali canon to have sought enlightenment. Many Indian species have descended from those of Gondwana , the southern supercontinent from which India separated more than 100 million years ago. India's subsequent collision with Eurasia set off a mass exchange of species. However, volcanism and climatic changes later caused the extinction of many endemic Indian forms. Still later, mammals entered India from Asia through two zoogeographic passes flanking

11088-656: The Buddhist dhamma . The Sangam literature of the Tamil language reveals that, between 200  BCE and 200  CE , the southern peninsula was ruled by the Cheras , the Cholas , and the Pandyas , dynasties that traded extensively with the Roman Empire and with West and Southeast Asia . In North India, Hinduism asserted patriarchal control within the family, leading to increased subordination of women. By

11242-685: The Congress saw a change in leadership in 1984, when Indira Gandhi was assassinated ; she was succeeded by her son Rajiv Gandhi , who won an easy victory in the general elections later that year . The Congress was voted out again in 1989 when a National Front coalition, led by the newly formed Janata Dal in alliance with the Left Front , won the elections; that government too proved relatively short-lived, lasting just under two years. There were two prime ministers during this period; V.P. Singh and Chandra Shekhar . Elections were held again in 1991 ; no party won an absolute majority. The Congress, as

11396-705: The Continental Army at the Battle of Fort Washington in November 1776 eliminated the last American stronghold in Manhattan, causing George Washington and his forces to retreat across the Hudson River to New Jersey , pursued by British forces. After the battle, in which the Americans were defeated, the British made the city their military and political base of operations in North America. The city

11550-575: The County of New York (which then included parts of the Bronx), the County of Richmond, and the western portion of the County of Queens. The opening of the New York City Subway in 1904, first built as separate private systems, helped bind the new city together. Throughout the first half of the 20th century, the city became a world center for industry, commerce, and communication. In 1904,

11704-640: The Duke of York (the future King James II and VII). The duke gave part of the colony to proprietors George Carteret and John Berkeley . On August 24, 1673, during the Third Anglo-Dutch War , Anthony Colve of the Dutch navy seized New York at the behest of Cornelis Evertsen the Youngest and rechristened it "New Orange" after William III , the Prince of Orange . The Dutch soon returned

11858-717: The Dutch West India Company had operated as a monopoly in New Netherland, on authority granted by the Dutch States General . In 1639–1640, in an effort to bolster economic growth, the Dutch West India Company relinquished its monopoly over the fur trade, leading to growth in the production and trade of food, timber, tobacco, and slaves (particularly with the Dutch West Indies ). In 1647, Peter Stuyvesant began his tenure as

12012-476: The East India Company set the stage for changes essential to a modern state. These included the consolidation and demarcation of sovereignty, the surveillance of the population, and the education of citizens. Technological changes—among them, railways, canals, and the telegraph—were introduced not long after their introduction in Europe . However, disaffection with the company also grew during this time and set off

12166-943: The Ganges include the Yamuna and the Kosi ; the latter's extremely low gradient, caused by long-term silt deposition, leads to severe floods and course changes. Major peninsular rivers, whose steeper gradients prevent their waters from flooding, include the Godavari , the Mahanadi , the Kaveri , and the Krishna , which also drain into the Bay of Bengal; and the Narmada and the Tapti , which drain into

12320-555: The Himalayas and the Thar Desert, both of which drive the economically and culturally pivotal summer and winter monsoons . The Himalayas prevent cold Central Asian katabatic winds from blowing in, keeping the bulk of the Indian subcontinent warmer than most locations at similar latitudes. The Thar Desert plays a crucial role in attracting the moisture-laden south-west summer monsoon winds that, between June and October, provide

12474-462: The Himalayas. This had the effect of lowering endemism among India's mammals, which stands at 12.6%, contrasting with 45.8% among reptiles and 55.8% among amphibians. Among endemics are the vulnerable hooded leaf monkey and the threatened Beddome's toad of the Western Ghats. India contains 172 IUCN -designated threatened animal species , or 2.9% of endangered forms. These include

12628-401: The Indian elites, the sultanate largely left its vast non-Muslim subject population to its own laws and customs. By repeatedly repulsing Mongol raiders in the 13th century, the sultanate saved India from the devastation visited on West and Central Asia, setting the scene for centuries of migration of fleeing soldiers, learned men, mystics, traders, artists, and artisans from that region into

12782-463: The Mughals united their far-flung realms through loyalty, expressed through a Persianised culture, to an emperor who had near-divine status. The Mughal state's economic policies, deriving most revenues from agriculture and mandating that taxes be paid in the well-regulated silver currency, caused peasants and artisans to enter larger markets. The relative peace maintained by the empire during much of

12936-405: The New York metropolitan area is the largest metropolitan economy in the world , with a gross metropolitan product of over US$ 2.16 trillion. If the New York metropolitan area were its own country , it would have the tenth-largest economy in the world . Despite having a 24/7 rapid transit system , New York also leads the world in urban automobile traffic congestion . The city is home to

13090-716: The Revolutionary War and escaped slaves, a significant free-Black population gradually developed in Manhattan. The New York Manumission Society worked for abolition and established the African Free School to educate Black children. It was not until 1827 that slavery was completely abolished in the state . Free Blacks struggled with discrimination and interracial abolitionist activism continued. New York City's population jumped from 123,706 in 1820 (10,886 of whom were Black and of which 518 were enslaved) to 312,710 by 1840 (16,358 of whom were Black). Also in

13244-557: The advent of independence in 1947, but tempered by the partition of India into two states: India and Pakistan. Vital to India's self-image as an independent nation was its constitution, completed in 1950, which put in place a secular and democratic republic. Per the London Declaration , India retained its membership of the Commonwealth , becoming the first republic within it. Economic liberalisation, which began in

13398-512: The agricultural sector 18.1%. India's foreign exchange remittances of US$ 100 billion in 2022, highest in the world, were contributed to its economy by 32 million Indians working in foreign countries. Major agricultural products include rice, wheat, oilseed, cotton, jute, tea, sugarcane, and potatoes. Major industries include textiles, telecommunications, chemicals, pharmaceuticals, biotechnology, food processing, steel, transport equipment, cement, mining, petroleum, machinery, and software. In 2006,

13552-599: The assembly of the Congress of the Confederation made New York City the national capital. New York was the last capital of the U.S. under the Articles of Confederation and the first capital under the Constitution of the United States . As the U.S. capital, New York City hosted the inauguration of the first President, George Washington , and the first Congress , at Federal Hall on Wall Street . Congress drafted

13706-498: The banking sector, 44th in business sophistication, and 39th in innovation, ahead of several advanced economies. With seven of the world's top 15 information technology outsourcing companies based in India, as of 2009 , the country is viewed as the second-most favourable outsourcing destination after the United States. India is ranked 39th in the Global Innovation Index in 2024. As of 2023 , India's consumer market

13860-548: The beginning of the 1990s. By the mid-1990s, crime rates started to drop dramatically due to revised police strategies, improving economic opportunities, gentrification , and new residents, both American transplants and new immigrants from Asia and Latin America. New York City's population exceeded 8 million for the first time in the 2000 United States census ; further records were set in 2010 , and 2020 U.S. censuses. Important new sectors, such as Silicon Alley , emerged in

14014-608: The beginnings of a nonviolent movement of non-co-operation, of which Mahatma Gandhi would become the leader and enduring symbol. During the 1930s, slow legislative reform was enacted by the British; the Indian National Congress won victories in the resulting elections. The next decade was beset with crises: Indian participation in World War ;II , the Congress's final push for non-co-operation, and an upsurge of Muslim nationalism . All were capped by

14168-587: The business elite lobbied for the establishment of Central Park , which in 1857 became the first landscaped park in an American city. The Great Irish Famine brought a large influx of Irish immigrants, of whom more than 200,000 were living in New York by 1860, representing over a quarter of the city's population. Extensive immigration from the German provinces meant that Germans comprised another 25% of New York's population by 1860. Democratic Party candidates were consistently elected to local office, increasing

14322-613: The city from New Jersey. The East River—a tidal strait —flows from Long Island Sound and separates the Bronx and Manhattan from Long Island. The Harlem River , another tidal strait between the East and Hudson rivers, separates most of Manhattan from the Bronx. The Bronx River , which flows through the Bronx and Westchester County , is the only entirely freshwater river in the city. The city's land has been altered substantially by human intervention, with considerable land reclamation along

14476-439: The city rapidly replaced Wuhan , China as the global epicenter of the pandemic during the early phase, straining the city's healthcare infrastructure. Through March 2023, New York City recorded more than 80,000 deaths from COVID-19-related complications. New York City is situated in the northeastern United States , in southeastern New York State, approximately halfway between Washington, D.C. and Boston . Its location at

14630-632: The city's economy. The advent of Y2K was celebrated with fanfare in Times Square . New York City suffered the bulk of the economic damage and largest loss of human life in the aftermath of the September 11, 2001, attacks . Two of the four airliners hijacked that day were flown into the twin towers of the World Trade Center, resulting in the collapse of both buildings and the deaths of 2,753 people, including 343 first responders from

14784-794: The city's ties to the South and its dominant party. In 1861, Mayor Fernando Wood called on the aldermen to declare independence from Albany and the United States after the South seceded, but his proposal was not acted on. Anger at new military conscription laws during the American Civil War (1861–1865), which spared wealthier men who could afford to hire a substitute, led to the Draft Riots of 1863 , whose most visible participants were ethnic Irish working class. The draft riots deteriorated into attacks on New York's elite, followed by attacks on Black New Yorkers after fierce competition for

14938-495: The coasts of southern and eastern India. As the empire disintegrated, many among these elites were able to seek and control their own affairs. By the early 18th century, with the lines between commercial and political dominance being increasingly blurred, a number of European trading companies, including the English East India Company , had established coastal outposts. The East India Company's control of

15092-452: The commercialisation of agriculture in the second half of the 19th century was marked by economic setbacks, and many small farmers became dependent on the whims of far-away markets. There was an increase in the number of large-scale famines , and, despite the risks of infrastructure development borne by Indian taxpayers, little industrial employment was generated for Indians. There were also salutary effects: commercial cropping, especially in

15246-625: The contribution of petrochemical and engineering goods to total exports grew from 14% to 42%. India was the world's second-largest textile exporter after China in the 2013 calendar year. Averaging an economic growth rate of 7.5% for several years prior to 2007, India has more than doubled its hourly wage rates during the first decade of the 21st century. Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. Though ranking 68th in global competitiveness , as of 2010 , India ranks 17th in financial market sophistication, 24th in

15400-463: The dawning of Hinduism in India. The Dravidian languages of India were supplanted in the northern and western regions. By 400  BCE , stratification and exclusion by caste had emerged within Hinduism, and Buddhism and Jainism had arisen, proclaiming social orders unlinked to heredity. Early political consolidations gave rise to the loose-knit Maurya and Gupta Empires based in

15554-581: The design and implementation of Vikrant -class aircraft carriers and Arihant -class nuclear submarines . Since the end of the Cold War , India has increased its economic, strategic, and military co-operation with the United States and the European Union . In 2008, a civilian nuclear agreement was signed between India and the United States. Although India possessed nuclear weapons at

15708-417: The development of large housing tracts in eastern Queens and Nassau County , with Wall Street leading America's place as the world's dominant economic power. The United Nations headquarters was completed in 1952, solidifying New York's global geopolitical influence, and the rise of abstract expressionism in the city precipitated New York's displacement of Paris as the center of the art world. In 1969,

15862-507: The early 16th century, northern India, then under mainly Muslim rulers, fell again to the superior mobility and firepower of a new generation of Central Asian warriors. The resulting Mughal Empire did not stamp out the local societies it came to rule. Instead, it balanced and pacified them through new administrative practices and diverse and inclusive ruling elites, leading to more systematic, centralised, and uniform rule. Eschewing tribal bonds and Islamic identity, especially under Akbar ,

16016-418: The early 18th century, New York grew in importance as a trading port while as a part of the colony of New York . It became a center of slavery , with 42% of households enslaving Africans by 1730. Most were domestic slaves ; others were hired out as labor. Slavery became integrally tied to New York's economy through the labor of slaves throughout the port, and the banking and shipping industries trading with

16170-727: The east. To the south, the remaining peninsular landmass, the Deccan Plateau , is flanked on the west and east by coastal ranges known as the Western and Eastern Ghats ; the plateau contains the country's oldest rock formations, some over one billion years old. Constituted in such fashion, India lies to the north of the equator between 6° 44′ and 35° 30′ north latitude and 68° 7′ and 97° 25′ east longitude. India's coastline measures 7,517 kilometres (4,700 mi) in length; of this distance, 5,423 kilometres (3,400 mi) belong to peninsular India and 2,094 kilometres (1,300 mi) to

16324-513: The endangered Bengal tiger and the Ganges river dolphin . Critically endangered species include the gharial , a crocodilian ; the great Indian bustard ; and the Indian white-rumped vulture , which has become nearly extinct by having ingested the carrion of diclofenac -treated cattle. Before they were extensively used for agriculture and cleared for human settlement, the thorn forests of Punjab were mingled at intervals with open grasslands that were grazed by large herds of blackbuck preyed on by

16478-567: The former territory of New Netherland , including the city of New Amsterdam , when the Kingdom of England seized it from Dutch control. In the pre-Columbian era , the area of present-day New York City was inhabited by Algonquians , including the Lenape . Their homeland, known as Lenapehoking , included the present-day areas of Staten Island , Manhattan , the Bronx , the western portion of Long Island (including Brooklyn and Queens ), and

16632-473: The ice (and its subsequent retreat) contributed to the separation of what is now Long Island and Staten Island. That action left bedrock at a relatively shallow depth, providing a solid foundation for most of Manhattan's skyscrapers. The Hudson River flows through the Hudson Valley into New York Bay . Between New York City and Troy, New York , the river is an estuary . The Hudson River separates

16786-677: The island to England under the Treaty of Westminster of November 1674. Several intertribal wars among the Native Americans and epidemics brought on by contact with the Europeans caused sizeable population losses for the Lenape between 1660 and 1670. By 1700, the Lenape population had diminished to 200. New York experienced several yellow fever epidemics in the 18th century, losing ten percent of its population in 1702 alone. In

16940-494: The largest single party, was able to form a minority government led by P. V. Narasimha Rao . A two-year period of political turmoil followed the general election of 1996 . Several short-lived alliances shared power at the centre. The BJP formed a government briefly in 1996; it was followed by two comparatively long-lasting United Front coalitions, which depended on external support. There were two prime ministers during this period; H.D. Deve Gowda and I.K. Gujral . In 1998 ,

17094-671: The last Director-General of New Netherland. During his tenure, the population of New Netherland grew from 2,000 to 8,000. Stuyvesant has been credited with improving law and order; however, he earned a reputation as a despotic leader. He instituted regulations on liquor sales, attempted to assert control over the Dutch Reformed Church , and blocked other religious groups from establishing houses of worship. In 1664, unable to summon any significant resistance, Stuyvesant surrendered New Amsterdam to English troops, led by Colonel Richard Nicolls , without bloodshed. The terms of

17248-478: The life of its exemplar, Mahavira . Buddhism , based on the teachings of Gautama Buddha , attracted followers from all social classes excepting the middle class; chronicling the life of the Buddha was central to the beginnings of recorded history in India. In an age of increasing urban wealth, both religions held up renunciation as an ideal, and both established long-lasting monastic traditions. Politically, by

17402-545: The local population as a representative of the Dutch colonists. A permanent European presence near New York Harbor was established in 1624, making New York the 12th-oldest continuously occupied European-established settlement in the continental United States , with the founding of a Dutch fur trading settlement on Governors Island . In 1625, construction was started on a citadel and Fort Amsterdam , later called Nieuw Amsterdam (New Amsterdam), on present-day Manhattan Island. The colony of New Amsterdam extended from

17556-511: The major factor in ending British rule. In 1947, the British Indian Empire was partitioned into two independent dominions , a Hindu-majority dominion of India and a Muslim-majority dominion of Pakistan , amid large-scale loss of life and an unprecedented migration. India has been a federal republic since 1950, governed through a democratic parliamentary system , and has been the world's most populous democracy since

17710-471: The majority of India's rainfall. Four major climatic groupings predominate in India: tropical wet , tropical dry , subtropical humid , and montane . Temperatures in India have risen by 0.7 °C (1.3 °F) between 1901 and 2018. Climate change in India is often thought to be the cause. The retreat of Himalayan glaciers has adversely affected the flow rate of the major Himalayan rivers, including

17864-419: The most populous urbanized area in the world in the early 1920s, overtaking London . The metropolitan area surpassed 10 million in the early 1930s, becoming the first megacity . The Great Depression saw the election of reformer Fiorello La Guardia as mayor and the fall of Tammany Hall after eighty years of political dominance. Returning World War II veterans created a post-war economic boom and

18018-556: The mouth of the Hudson River , which feeds into a naturally sheltered harbor and then into the Atlantic Ocean , has helped the city grow in significance as a trading port. Most of the city is built on the three islands of Long Island, Manhattan, and Staten Island. During the Wisconsin glaciation , 75,000 to 11,000 years ago, the New York City area was situated at the edge of a large ice sheet . The erosive forward movement of

18172-420: The nation to liberalise its economy ; since then, it has moved increasingly towards a free-market system by emphasising both foreign trade and direct investment inflows. India has been a member of World Trade Organization since 1 January 1995. The 522-million-worker Indian labour force is the world's second largest , as of 2017 . The service sector makes up 55.6% of GDP, the industrial sector 26.3% and

18326-445: The newly canalled Punjab, led to increased food production for internal consumption. The railway network provided critical famine relief, notably reduced the cost of moving goods, and helped nascent Indian-owned industry. After World War I , in which approximately one million Indians served , a new period began. It was marked by British reforms but also repressive legislation , by more strident Indian calls for self-rule, and by

18480-496: The only " transgender folks around" during the June 1969 Stonewall riots. The transgender community in New York City played a significant role in fighting for LGBT equality. In the 1970s, job losses due to industrial restructuring caused New York City to suffer from economic problems and rising crime rates. Growing fiscal deficits in 1975 led the city to appeal to the federal government for financial aid; President Gerald Ford gave

18634-728: The press in North America . In 1754, Columbia University was founded. The Stamp Act Congress met in New York in October 1765, as the Sons of Liberty organization emerged in the city and skirmished over the next ten years with British troops stationed there. The Battle of Long Island , the largest battle of the American Revolutionary War , was fought in August 1776 within modern-day Brooklyn. A British rout of

18788-546: The proportion of the area of a forest covered by its tree canopy . Very dense forest , whose canopy density is greater than 70%, occupies 3.02% of India's land area. It predominates in the tropical moist forest of the Andaman Islands , the Western Ghats , and Northeast India . Moderately dense forest , whose canopy density is between 40% and 70%, occupies 9.39% of India's land area. It predominates in

18942-539: The region for the Dutch East India Company. In 1614, the area between Cape Cod and Delaware Bay was claimed by the Netherlands and called Nieuw-Nederland (' New Netherland '). The first non–Native American inhabitant of what became New York City was Juan Rodriguez , a merchant from Santo Domingo who arrived in Manhattan during the winter of 1613–14, trapping for pelts and trading with

19096-548: The seas, greater resources, and more advanced military training and technology led it to increasingly assert its military strength and caused it to become attractive to a portion of the Indian elite; these factors were crucial in allowing the company to gain control over the Bengal region by 1765 and sideline the other European companies. Its further access to the riches of Bengal and the subsequent increased strength and size of its army enabled it to annex or subdue most of India by

19250-463: The share of external trade in India's GDP stood at 24%, up from 6% in 1985. In 2008, India's share of world trade was 1.7%; In 2021, India was the world's ninth-largest importer and the sixteenth-largest exporter . Major exports include petroleum products, textile goods, jewellery, software, engineering goods, chemicals, and manufactured leather goods. Major imports include crude oil, machinery, gems, fertiliser, and chemicals. Between 2001 and 2011,

19404-637: The southern supercontinent Gondwana , began a north-eastward drift caused by seafloor spreading to its south-west, and later, south and south-east. Simultaneously, the vast Tethyan oceanic crust , to its northeast, began to subduct under the Eurasian Plate . These dual processes, driven by convection in the Earth's mantle , both created the Indian Ocean and caused the Indian continental crust eventually to under-thrust Eurasia and to uplift

19558-611: The southern tip of Manhattan to modern-day Wall Street , where a 12-foot (3.7 m) wooden stockade was built in 1653 to protect against Native American and English raids. In 1626, the Dutch colonial Director-General Peter Minuit , as charged by the Dutch West India Company , purchased the island of Manhattan from the Canarsie , a small Lenape band, for "the value of 60 guilders " (about $ 900 in 2018). A frequently told but disproved legend claims that Manhattan

19712-416: The subcontinent from the north-west. The caste system , which created a hierarchy of priests, warriors, and free peasants, but which excluded indigenous peoples by labelling their occupations impure, arose during this period. On the Deccan Plateau , archaeological evidence from this period suggests the existence of a chiefdom stage of political organisation. In South India , a progression to sedentary life

19866-526: The subcontinent transitioned from the Chalcolithic cultures to the Iron Age ones. The Vedas , the oldest scriptures associated with Hinduism , were composed during this period, and historians have analysed these to posit a Vedic culture in the Punjab region and the upper Gangetic Plain . Most historians also consider this period to have encompassed several waves of Indo-Aryan migration into

20020-441: The subcontinent, thereby creating a syncretic Indo-Islamic culture in the north. The sultanate's raiding and weakening of the regional kingdoms of South India paved the way for the indigenous Vijayanagara Empire . Embracing a strong Shaivite tradition and building upon the military technology of the sultanate, the empire came to control much of peninsular India, and was to influence South Indian society for long afterwards. In

20174-414: The support of left-leaning parties and MPs who opposed the BJP. The UPA returned to power in the 2009 general election with increased numbers, and it no longer required external support from India's communist parties . That year, Manmohan Singh became the first prime minister since Jawaharlal Nehru in 1957 and 1962 to be re-elected to a consecutive five-year term. In the 2014 general election ,

20328-507: The surrender permitted Dutch residents to remain in the colony and allowed for religious freedom. In 1667, during negotiations leading to the Treaty of Breda after the Second Anglo-Dutch War , the victorious Dutch decided to keep the nascent plantation colony of what is now Suriname , which they had gained from the English, and in return the English kept New Amsterdam. The settlement was promptly renamed "New York" after

20482-677: The time and was not a party to the Nuclear Non-Proliferation Treaty, it received waivers from the International Atomic Energy Agency and the Nuclear Suppliers Group , ending earlier restrictions on India's nuclear technology and commerce. As a consequence, India became the sixth de facto nuclear weapons state. India subsequently signed co-operation agreements involving civilian nuclear energy with Russia, France,

20636-456: The time of its independence in 1947. It is a pluralistic , multilingual and multi-ethnic society . India's nominal per capita income increased from US$ 64 annually in 1951 to US$ 2,601 in 2022, and its literacy rate from 16.6% to 74%. During the same time, its population grew from 361 million to almost 1.4 billion, and India became the most populous country in 2023. From being a comparatively destitute country in 1951, India has become

20790-518: The two nations have gone to war four times: in 1947 , 1965 , 1971 , and 1999 . Three of these wars were fought over the disputed territory of Kashmir , while the third, the 1971 war, followed from India's support for the independence of Bangladesh . In the late 1980s, the Indian military twice intervened abroad at the invitation of the host country: a peace-keeping operation in Sri Lanka between 1987 and 1990; and an armed intervention to prevent

20944-639: The union territories of Jammu and Kashmir , Puducherry and the National Capital Territory of Delhi , have elected legislatures and governments following the Westminster system of governance. The remaining five union territories are directly ruled by the central government through appointed administrators. In 1956, under the States Reorganisation Act , states were reorganised on a linguistic basis. There are over

21098-432: The western part of the Indo-Gangetic plain, now turned into rich agricultural land by irrigation, its features no longer visible. Among the Indian subcontinent's notable indigenous trees are the astringent Azadirachta indica , or neem , which is widely used in rural Indian herbal medicine , and the luxuriant Ficus religiosa , or peepul , which is displayed on the ancient seals of Mohenjo-daro , and under which

21252-415: The world by pinnacle height, with its spire reaching a symbolic 1,776 feet (541.3 m), a reference to the year of U.S. independence . The Occupy Wall Street protests in Zuccotti Park in the Financial District of Lower Manhattan began on September 17, 2011, receiving global attention and popularizing the Occupy movement against social and economic inequality worldwide. New York City

21406-444: The world in nominal per capita income and 125th in per capita income adjusted for purchasing power parity (PPP)—the vast majority of Indians fall into the low-income group. Until 1991, all Indian governments followed protectionist policies that were influenced by socialist economics. Widespread state intervention and regulation largely walled the economy off from the outside world. An acute balance of payments crisis in 1991 forced

21560-404: The world's newer nations; however, in spite of its recent economic successes, freedom from want for its disadvantaged population remains a goal yet to be achieved. India accounts for the bulk of the Indian subcontinent, lying atop the Indian tectonic plate , a part of the Indo-Australian Plate . India's defining geological processes began 75 million years ago when the Indian Plate, then part of

21714-418: The world's two largest stock exchanges by market capitalization of their listed companies: the New York Stock Exchange and Nasdaq . New York City is an established safe haven for global investors. As of 2023 , New York City is the most expensive city in the world for expatriates and has by a wide margin the highest U.S. city residential rents; and Fifth Avenue is the most expensive shopping street in

21868-475: The world. New York City traces its origins to Fort Amsterdam and a trading post founded on Manhattan Island by Dutch colonists around 1624. The settlement was named New Amsterdam in 1626 and was chartered as a city in 1653. The city came under English control in 1664 and was temporarily renamed New York after King Charles II granted the lands to his brother, the Duke of York , before being permanently renamed New York in November 1674. New York City

22022-402: The world. New York City is home by a significant margin to the highest number of billionaires , individuals of ultra-high net worth (greater than US$ 30 million), and millionaires of any city in the world. In 1664, New York was named in honor of the Duke of York (later King James II of England ). James's elder brother, King Charles II , appointed the Duke as proprietor of

22176-440: Was heavily affected by Hurricane Sandy in late October 2012. Sandy's impacts included flooding that led to the days-long shutdown of the subway system and flooding of all East River subway tunnels and of all road tunnels entering Manhattan except the Lincoln Tunnel . The New York Stock Exchange closed for two days due to weather for the first time since the Great Blizzard of 1888 . At least 43 people died in New York City as

22330-425: Was a haven for Loyalist refugees and escaped slaves who joined the British lines for freedom promised by the Crown , with as many as 10,000 escaped slaves crowded into the city during the British occupation, the largest such community on the continent. When the British forces evacuated New York at the close of the war in 1783, they transported thousands of freedmen for resettlement in Nova Scotia , England, and

22484-411: Was a prime destination in the early 20th century for Blacks during the Great Migration from the American South, and by 1916, New York City had the largest urban African diaspora in North America. The Harlem Renaissance of literary and cultural life flourished during the era of Prohibition . The larger economic boom generated construction of skyscrapers competing in height. New York City became

22638-457: Was amended in 1971 to "a sovereign, socialist , secular , democratic republic". India's form of government, traditionally described as "quasi-federal" with a strong centre and weak states, has grown increasingly federal since the late 1990s as a result of political, economic, and social changes. The Government of India comprises three branches: India is a federal union comprising 28 states and 8 union territories . All states, as well as

22792-426: Was nominally worth $ 3.94 trillion; it was the fifth-largest economy by market exchange rates and is, at around $ 15.0 trillion, the third-largest by purchasing power parity (PPP). With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–2012, India is one of the world's fastest-growing economies . However, due to its low GDP per capita—which ranks 136th in

22946-438: Was pegged at US$ 70.12 billion for fiscal year 2022–23 and, increased 9.8% than previous fiscal year. India is the world's second-largest arms importer; between 2016 and 2020, it accounted for 9.5% of the total global arms imports. Much of the military expenditure was focused on defence against Pakistan and countering growing Chinese influence in the Indian Ocean. In May 2017, the Indian Space Research Organisation launched

23100-415: Was purchased for $ 24 worth of glass beads. Following the purchase, New Amsterdam grew slowly. To attract settlers, the Dutch instituted the patroon system in 1628, whereby wealthy Dutchmen ( patroons , or patrons) who brought 50 colonists to New Netherland would be awarded land, local political autonomy, and rights to participate in the lucrative fur trade. This program had little success. Since 1621,

23254-532: Was succeeded, after his own unexpected death in 1966, by Nehru's daughter Indira Gandhi , who went on to lead the Congress to election victories in 1967 and 1971 . Following public discontent with the state of emergency she declared in 1975, the Congress was voted out of power in 1977 ; the then-new Janata Party , which had opposed the emergency, was voted in. Its government lasted just over two years. There were two prime ministers during this period; Morarji Desai and Charan Singh . Voted back into power in 1980,

23408-417: Was the U.S. capital from 1785 until 1790. The modern city was formed by the 1898 consolidation of its five boroughs : Manhattan , Brooklyn , Queens , the Bronx , and Staten Island . Anchored by Wall Street in the Financial District, Manhattan , New York City has been called both the world's premier financial and fintech center and the most economically powerful city in the world. As of 2022 ,

23562-411: Was the world's fifth largest . Driven by growth, India's nominal GDP per capita increased steadily from US$ 308 in 1991, when economic liberalisation began, to US$ 1,380 in 2010, to an estimated US$ 2,731 in 2024. It is expected to grow to US$ 3,264 by 2026. However, it has remained lower than those of other Asian developing countries such as Indonesia, Malaysia, Philippines, Sri Lanka, and Thailand, and

23716-736: Was used widely since the era of the Mughal Empire . The meaning of Hindustan has varied, referring to a region encompassing the northern Indian subcontinent (present-day northern India and Pakistan ) or to India in its near entirety. By 55,000 years ago, the first modern humans, or Homo sapiens , had arrived on the Indian subcontinent from Africa, where they had earlier evolved. The earliest known modern human remains in South Asia date to about 30,000 years ago. After 6500  BCE , evidence for domestication of food crops and animals, construction of permanent structures, and storage of agricultural surplus appeared in Mehrgarh and other sites in Balochistan, Pakistan . These gradually developed into

#932067