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During this time, its nominal per capita income increased from US$64 annually to US$2,601, and its literacy rate from 16.6% to 74%. Gradually expanding rule of the British East India Company turned India into a colonial economy but consolidated its sovereignty. The Mughal Empire ushered in two centuries of economic expansion and relative peace, and left a rich architectural legacy. Early political consolidations gave rise to the loose-knit Maurya and Gupta Empires. India’s pre-existing Dravidian languages were supplanted in the northern regions. Settled life emerged on the subcontinent in the western margins of the Indus river basin 9,000 years ago, evolving gradually into the Indus Valley Civilisation of the third millennium BCE.