AsiaBusinessDiplomacyEconomyEuropeFeaturesFinanceGlobal IssuesHistoricalPoliticsWorld

‘Britain Would Collapse If It Tried to Pay Back the Money it Drained From India’

Britain drained more than 9 trillion pounds from India over 173 years, says economist Utsa Patnaik.

Britain would collapse if it tried to pay back the money it drained from India, eminent economist Utsa Patnaik said at a conference at Jawaharlal Nehru University, New Delhi on Wednesday.

Eko 6fDelivering the inaugural lecture at the three-day Sam Moyo Memorial Conference on “Land and Labour Questions in the Global South”, Utsa Patnaik said that the estimated drain from India to Britain over the period from 1765 to 1938 was a whopping 9.184 trillion pounds, several times the size of the UK’s GDP today.

Patnaik, who is…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
Close