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Why is there no peace dividend on the Indian subcontinent?

India has got its political arrangements right but not its economic ones to earn dividends for avoiding wars.

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At peace: Army commandos contingent marches at Rajpath during the full dress rehearsal for the upcoming Republic Day Parade. PTI

T C A Srinivasa-Raghavan

3 min read Last Updated : Jan 31 2020 | 12:50 PM IST

Here’s a puzzle: when was the last time the Indian subcontinent saw two very large armies fight on it for more than a year, causing massive devastation? Believe it or not it was 200 years ago. More accurately, 202 years ago, in 1818.

On the one side was the Indian-manned army of the East India Company. On the other was the mighty Maratha army.

The Marathas lost and from then till 1860 a bankrupt English private company became the sovereign power. In 1860 sovereignty passed to the British crown.

In between there was the first Afghan war between 1839-42. But that was hardly

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