The history of Calcutta (now Kolkata) is a vivid example of how a trading post can transform into one of the greatest metropolises and cultural centres. Although settlements in this region have existed for millennia, the modern history of the city is inextricably linked to the era of European influence in India.
Traditionally, the founder of modern Calcutta is considered to be Job Charnock, an agent of the British East India Company. In 1690, he established a trading settlement here, which became the nucleus of the future city. The Company acquired rights to three villages — Sutanuti, Gobindapur, and Kalikata — on the banks of the Hooghly River. It was from the name of the village Kalikata, where a famous temple of the Goddess Kali was located, that the city's name was derived.
Several key factors contributed to the city's rapid growth. Firstly, its strategic geographical location on the Hooghly River, a navigable distributary of the Ganges, ensured convenient access to the sea and turned it into a vital trading port. Calcutta quickly became the main centre of operations for the British East India Company in Bengal, through which active trade in jute, tea, opium, and textiles was conducted. Secondly, in 1772, Calcutta received the status of the capital of British India, which it retained until 1911. This status attracted administrative, financial, and human resources to the city, contributing to its booming growth.
Thanks to its capital status and wealth, the city was built up with magnificent European-style buildings, earning it the nickname "City of Palaces". Calcutta evolved into the largest commercial and financial hub of eastern India, hosting the country's second-largest stock exchange. Furthermore, in the 19th century, the city became the centre of the "Bengal Renaissance" — a powerful intellectual and cultural movement. To this day, the city is considered one of the main intellectual and cultural centres of India, the home of many writers, poets, and filmmakers.