AUSTERLITZ
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The Mughal empire shall remain controversial. And GDP of subcontinent actually shrunk during the Mughal empire it was more before them despite endless riches.
It was a unstable empire and was so incompetent that it did not allow its people to create wealth for themselves and for the empire. But they levied taxes that made them unpopular.
Despite riches they could not withstand the west because they were corrupt and centralized power needlessly.
This happened during late mughal era after akbar,due to corruption and total collapse of mansabdari system.