January 20, 2025 3:09 PM

10 percent richest in UK extracted wealth from India worth $33.8 trillion between 1765-1900: Oxfam

Between 1765 and 1900, the richest 10 per cent in the UK extracted wealth from India alone worth US$33.8 trillion in today’s money -- enough to carpet the surface area of London in the 50-pound notes almost four times over, an Oxfam global report said on Monday. According to authors Utsa Patnaik and Prabha Patnaik, of the US$64.82 trillion extracted from India by the UK over a century of colonialism, US$33.8 trillion went to the richest 10 per cent. In the UK, a significant number of the ric...