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Colonial Period in India : During its rule over India, Britain exploited it extensively and sent immense wealth from India to Britain. Where some British rich people got benefit from it. A report said that during the colonial period of more than 135 years between 1765 and 1900, Britain extracted wealth worth US $ 64,820 billion from India and out of this, about US $ 33,800 billion was with the richest 10 percent of Britain. Went.
This information has been given in the new major global inequality report of rights group Oxfam International. This report named Takers Not Makers was released a few hours before the annual meeting of the World Economic Forum (WEF). In this report, citing many studies and research papers, it was claimed that the modern multinational corporation is only a product of the colonial period.
According to the Oxfam report, “The distortions of inequality and plunder that existed during the historical colonial era are reshaping modern life. These things have created a deeply unequal world that is plagued by divisions based on racism. A world that systematically exploited wealth from the Global South and the benefits went primarily to the richest people in the Global North.”
Apart from the 10 percent British rich, the emerging middle class benefited
Based on several studies and research papers, Oxfam found that between 1765 and 1900, the richest 10 percent of Britain withdrew wealth worth US $ 33,800 billion from India alone. According to the report, “If the land of London was covered with 50 British pound notes, then this amount would be worth four times more than those notes.” Oxfam said that the wealth taken out of India not only benefited the richest 10 percent of Britain’s people but also the emerging middle class. Oxfam described the ongoing effects of colonialism as the fruit of a poisonous tree.
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