Ans: The rise of the Indian economy and the changes it underwent throughout history are covered under Indian Economic Development. Over time, Economic development refers to an overall improvement in the standard of living and welfare of an economy's citizens. It involves an improvement in a variety of other aspects, such as education, health, employment, and so on, in addition to the rate of GDP growth. When that is referred to in the context of India, a wide comparison is drawn and India’s economy over the course of history is analysed.