ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India's Failed Transition to a Gold Currency in the 1860s

Recent historical research on the emergence of the classical gold standard tends to omit India's failed attempt at moving to a gold currency in the 1860s. Though this was extensively deliberated upon in contemporary studies and in the works of the late 19th and early 20th century economists and historians, it finds almost no mention in the more recent debate. Revisiting this episode from history, this paper aims to draw attention anew to the important role India played in the evolution of the world monetary system.

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