The Stolen Wealth of India During British Rule – Paramanu Ghosh
In the year 1700 India accounted for 25% of the world GDP. It was this richest and most prosperous nation in the world, and then the British came in…
The Stolen Wealth of India During British Rule
Everyone knows the history of India, But not all know how much wealth it gave to this world. I don’t mean the literature and culture it taught to this world. I mean the real wealth, the money, the gold and diamonds stolen, looted by the British rulers, when they ruled India for nearly 200 years.
During the mid of 1770’s, the western countries, especially Britain had Industrial revolution and it was completely financed by the money looted from India. Even William Digby and British historian agreed that without the “Venture Capital” which was looted from Bengal, the Industrial Revolution might not have happened. On 1757, the Nawab of Bengal was defeated at the Battle of Plessey by the British East India Company and it sealed the fate of Bengal and in turn, India. Post battle, Bengal became the first victim to British loot and the rich state was completely evicted of it’s wealth.
The looted money and wealth were then showered in the industrial revolution, which helped in the inventions like “The spinning Jenny” in the year 1764, “The water Frame”, a machine to spin cotton threads in the year 1769, “The Steam Engine” in the year 1785 and a lot more.
An Englishman mentioned in his note about India, “Even after sucking the entire wealth of India, our government is still giving more sufferings to the people of India by forcing them to by their products like dresses which they wove by the inventions sponsored by Indian money. How people of hot country can wear a dress woven for a cold country like England?” and so on…
Anglophiles’ note of apology says “British colonial rule in India was the organized banditry that financed England’s Industrial Revolution”. The British rulers even took over the technology of India, along with money. Will Durant, an American Historian mentioned in his note “India was flourishing in Ship building besides the expertise of making steel and textiles. But all got ruined when British took over those technologies”
Only few people know that the birth place of the world famous Kohinoor diamond (which means Mountain of Light), which is currently a part of the Royal British Crown Jewels, is India. This 105 carat diamond was the largest one at that time and it was kept by various Mughal Emperors. But it was later looted by the East Indian Company, which was then gifted to Queen Victoria when she was declared as “Empress of India” in the year 1877.Roughly it has been estimated as one trillion dollar money that was looted by the British rulers in that 200 years ruling, apart from some other wealth like gold, diamonds and raw materials which got transported.