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10% of British nobles became rich with money looted from India, how much money did the British loot in total? Report reveals

  The British looted India, the golden bird, to the bone. Oxfam International's global inequality report says that between 1765 and 1900, Britain looted $64.82 trillion in today's terms from India. This is 16 times more than India's GDP. Of this, $33.8 trillion went to the richest 10 percent of the population. The richest 10 percent of Britain's aristocracy have become rich with this money looted from India. This is enough money to cover London four times with 50-pound notes.

Oxfam released the report titled 'Takers, Not Makers' on Monday, a few hours before the annual meeting of the World Economic Forum. It claims, citing several studies and editorials, that modern multinational corporations are the product of colonialism. Oxfam said that the evils of inequality and exploitation on a grand scale during the colonial era continue to shape modern life. It has created a world of extreme inequality. A world that is plagued by divisions based on racism. A world that continues to exploit money in a serial manner with the Global South, which benefits mainly the richest people in the Global North.

Based on studies, Oxfam calculated that between 1765 and 1900, the richest 10% of people in Britain alone took away wealth worth $33.8 trillion in today's terms from India alone. Of the wealth taken away from India, it has been said that the richest 10%, who received 52% of the income, were followed by the rising middle class, who received 32% of the income. In 1750, the Indian subcontinent's share of global industrial production was about 25 percent. By 1900, this figure had fallen to just two percent. This dramatic decline can be attributed to the British imposition of strict protectionist policies against Asian textiles, which administratively weakened India's industrial development capacity. The report says that during the colonial period, many other divisions, including caste, religion, gender, sexuality, language and location, were expanded. They were solidified and made more complex.
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