Was Colonialism Really Beneficial for India? Unveiling the Dark Side Behind 45 Trillion Dollars
The long-standing narrative of how India benefited from colonialism has been thoroughly debunked by historical records and economic analysis. It is almost laughable to believe that Indians, who suffered under the largest human exploitation in history, could have gained anything positive.
The British Arrival in India
The British initially arrived in India under the guise of "trade." Enthralled by the marvels of British whiskey, women, and other wares, the Indian Maharajas were gradually "bought off." Soon, India became a playground for greedy merchants. As the British settled in, they embarked on extensive infrastructure projects, strategically looting valuable resources. Railways were built, diamonds, gold, spices, minerals, and rare artefacts were stolen and sent back to Britain. A significant portion of these treasures can still be found in iconic British museums and historic landmarks like Windsor Castle.
France, Britain, and Spain: Europe's Most Brutal Colonial Exploiters
France, Britain, and Spain were Europe's top three colonial exploiters, constantly competing for the title of "Most Disliked European Nation." Their legacy of inherent and historical racism is still evident today, and they even went to war with each other over it! Portugal, while not as notorious, also played a significant role in the global exploitation game. These nations left an indelible mark on the regions they colonized, and their legacy continues to influence current global dynamics.
The Economic Impact of British Rule in India
India's inflation-adjusted GDP is approximately 38.7 trillion. Considering that the British stayed in India for 200 years, the total GDP accumulated during this period would amount to a staggering sum. Using modern wealth-to-GDP ratios, the minimum estimate of India's wealth during this period would be around 190 trillion. However, the actual wealth must be even higher, given the stagnant GDP during this time. The British not only taxed heavily but also destroyed local businesses, increased imports, and invested in British companies, leaving the country economically drained.
Comparative Analysis with the Mughal Era
During the Mughal era, taxation was lower, with the notable exception of Aurangzeb who levied much higher taxes. Despite this, the GDP was much higher, and wealth was more evenly distributed. According to records from Babur's Baburnama, the loot was distributed among the populace and sent to holy men in various regions. This suggests that the figure of 45 trillion dollars looted by the British is likely an underestimate. Considering the looting of other parts of the Islamic world, the actual figure must be much higher.
Conclusion: The Ripple Effect of 45 Trillion Dollars
The looting of 45 trillion dollars has had a significant ripple effect on the distribution of wealth in the current world. While it was a tragic chapter in history, it is crucial to acknowledge the economic devastation caused by colonial rule. However, understanding this simple fact is essential for a more accurate portrayal of the past and present economic landscape.