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Thursday, August 24, 2006

Here's a Shocking Fact About British Rule In India

In 1773, a statement to the British Parliament put the total net revenue from Bengal at £13 million. Individual East India Co staff made huge fortunes. Robert Clive, the hero of Plassey, returned home with a fortune of more than £250,000. The wealth of India was crucial for England’s industrial take-off.

”It has been estimated that the total British plunder of India between 1757 and 1815 amounted to £1000 million. The national income of Britain in 1770 was about £125 million. Direct payments alone through the East Indian Company approximated £1million in some years. The British profits from operations in the West Indies and India betwen 1760 and 1780 was probably more than double the money available to invest in new industries...”

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