Clingingsmith, David; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2005
India was a major player in the world export market for textiles in the early 18th century, but by the middle of the 19 …th century it had lost all of its export market and much of its domestic market. Other local industries also suffered … relative price evidence is central to our analysis. We document trends in the ratio of export to import prices (the external …