Queen Elizabeth II: How much money Britain's inglorious empire stole from India—15 times UK’s current value
2 years, 4 months ago

Queen Elizabeth II: How much money Britain's inglorious empire stole from India—15 times UK’s current value

Firstpost  

India’s External Affairs Minister S Jaishankar in 2019 quoted a study saying that British loot from India was close to $45 trillion in today’s monetary value New Delhi: The world, at least most of it with some exceptions, mourns the passing of Queen Elizabeth II of the UK, it has once more brought to the fore the scars of British colonialism and the concomitant organized loot of scores of nations that were pushed decades and centuries back in mankind’s long march to freedom and prosperity. India’s External Affairs Minister S Jaishankar in 2019 quoted a study saying that British loot from India was close to $45 trillion in today’s monetary value. An economic study tried to estimate how much British took out of India, it ended up at a number of $45 trillion in today’s value,” Jaishankar had said while delivering an address at think tank Atlantic Council in Washington DC. “Over roughly 200 years, the East India Company and the British Raj siphoned at least £9.2 trillion.” “Between 1765 and 1938, the drain amounted to £9.2 trillion, taking India’s export surplus earnings as the measure, and compounding it at a 5% rate of interest.

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History of this topic

Anchor’s ’don’t come for foreign aid’ jibe gets ’give Kohinoor back’ retort
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2 years, 4 months ago

UK slips behind India to become world’s sixth biggest economy

Live Mint  

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UK slips behind India to become world’s sixth biggest economy
2 years, 4 months ago

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Hindustan Times  

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How Britain stole $45 trillion from India
6 years ago

How Britain stole $45 trillion from India

Al Jazeera  

There is a story that is commonly told in Britain that the colonisation of India – as horrible as it may have been – was not of any major economic benefit to Britain itself. Prior to the colonial period, Britain bought goods like textiles and rice from Indian producers and paid for them in the normal way – mostly with …

How Britain stole $45 trillion from India
6 years ago

How Britain stole $45 trillion from India

Al Jazeera  

There is a story that is commonly told in Britain that the colonisation of India – as horrible as it may have been – was not of any major economic benefit to Britain itself. Prior to the colonial period, Britain bought goods like textiles and rice from Indian producers and paid for them in the normal way – mostly with …

British Raj siphoned out $45 trillion from India: Utsa Patnaik
6 years, 1 month ago

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Live Mint  

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‘No UK Aid Used To Fund India’s Statue of Unity’: UK Govt
6 years, 2 months ago

‘No UK Aid Used To Fund India’s Statue of Unity’: UK Govt

The Quint  

UK’s media was awash with disapproval of the expenditure, claiming that India was given more than 1 billion pounds of aid by the UK in the years that it was spending extravagantly to built the world’s tallest statue. In a caustic article published by The Daily Mail, in which it tore into India’s decision to pour funds into the statue, …

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