How Much Wealth Did The British Loot From India? SHOCKING TRUTH
One of the most exploitative periods in history was the roughly 200-year british colonial rule over India. The british depleted India's resources at a never-before-seen rate during this period. However, are you aware of the exact amount of money that was stolen from India? Prominent historians estimate the amount to be an astounding 45 trillion dollars, which is more than 15 times the UK's current yearly GDP.
The Extent of Economic Drain
The british took almost 80,000 trillion rupees' worth of resources out of india between 1757 and 1947. Renowned economist and historian Utsa Patnaik claims that this enormous wealth transfer, which took place between 1765 and 1938, changed the two countries' economic structures. Although a lot of people in britain contend that colonialism did not yield substantial economic benefits, the evidence suggests otherwise. india was left in poverty as a result of the systematic pillage that supported Britain's industrial revolution.
Impact of british Exploitation
India suffered from poverty, starvation, and underdevelopment as a result of the massive resource drain that occurred during colonial rule; these effects persisted for decades after the country's independence. india had to rebuild from the ashes after the british government's exploitation destroyed its booming industries, like textiles and diverted income to support Britain's expansion.
What If india Retained Even a Quarter of This Wealth?
What if india had kept even a quarter of its wealth? With a head start in infrastructure, education, and technology development, the nation's course would have probably been very different. The incredible 45 trillion dollars that were stolen from india may have helped it become one of the most developed economies in the world today.
The Turning Point: The Battle of Plassey
Following their triumph at the Battle of Plassey in 1757, which signaled the start of over two centuries of colonial rule, the british secured a solid footing in India. The foundation for direct british rule under queen Victoria in 1858 was laid by the east india Company's consolidation of power as a result of this triumph.
The End of Colonial Rule
British control came to an end on august 15, 1947, after India's protracted fight for independence. However, india is still recovering from the severe wounds caused by the history of political repression, economic exploitation, and cultural imperialism.
The incredible riches that the british plundered serve as a reminder of India's tenacity as well as the scope of exploitation. india has become one of the world's fastest-growing economies despite centuries of tyranny and the loss of vast resources.
What heights india may have attained without the specter of colonial exploitation is still a mystery.
The incredible riches that the british plundered serve as a reminder of India's tenacity as well as the scope of exploitation. india has become one of the world's fastest-growing economies despite centuries of tyranny and the loss of vast resources.
What heights india may have attained without the specter of colonial exploitation is still a mystery.