The October monetary policy decision At its October meeting, the Governing Council decided to extend its net asset purchases within the asset purchase programme (APP) at a monthly pace of € for nine months until the end of September 2018, or beyond, if necessary.
Note that in 1700, India, with a population of 165 m, was the world’s largest economy, followed by China with 138 m people. Even a century later, in 1820, as Industrial Revolution was gathering pace, India and China accounted for half of world GDP. The pecking order completely changed after that. China and India got relegated to the bottom of the league of nations.