INDIA produced over £36trillion in goods and trade to fund the British Empire which was ultimately "stolen" by the Westminster elite, according to academics.
The British Raj in India lasted from 1858 to 1947, when the country gained independence when Lord Louis Mountbatten partitioned the country and Pakistan was established as a nation state. Before that era, the British East India company ruled from 1757. It was a private company which the British Crown came to gain effective control over.
The Koh-i-Noor diamond in the British Crown Jewels is a powerful symbol of the riches that the British Empire took from the Indian subcontinent.
However, economist Utna Patnaik has now put a concrete figure on the wealth that Britain drained from India in this period.
Drawing on archival research from 200 years of records, Patnaik calculated a total of of £36trillionfrom the period 1765 to 1938.
The stunning figure is a conservative estimate and is 17 times more that the current GDP of the United Kingdom, which stands at 2.04 trillion.
University of London academic Jason Hickel explains how this research shatters the historical narrative that India was not a profitable colony for Britain.
After the East India Company took control of vast sections of India, they established a monopoly on trade.
They also collected taxes from the Indian people, and then used portions of that tax revenue to buy Indian goods for British use.
“In other words, instead of paying for Indian goods out of their own pocket, British traders acquired them for free, "buying" from peasants and weavers using money that had just been taken from them,” says Hickel.
Britain made further profit from Indian goods when they were sold for export.
Exportation of Indian goods all over the world helped to fuel the Industrial Revolution as many strategic materials like iron came from the subcontinent.