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Richest 10% got over half of what UK took from India during its rule: Study

Business Standard LogoBusiness Standard10h ago

Richest 10% got over half of what UK took from India during its rule: Study - Business Standard

Quick Summary:

The report, titled 'Takers, not Makers' and released here on Monday hours before the start of the annual meeting of the rich and powerful across the globe, cited several studies and research papers to claim that the modern multinational corporation is a creation of colonialism only.

This forms part of rights group Oxfam International's latest flagship global inequity report released every year on the first day of the World Economic Forum Annual Meeting.

The UK extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.


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Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 09:23:43 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1717 words

Reading Time: 10 minutes read

Sentences: 51 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25273729

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 255 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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