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Searched Tag: global inequity report

A portrait from the early 1850s showing British colonial officials egotiating with Indian representatives, reflecting the exploitative practices of resource extraction, heavy taxation, and economic policies designed to drain wealth from India to Britain during the colonial era.

'UK's richest 10% extracted half of India's wealth during colonialism'

January 20, 2025, 10:45 AM - 8 min read

According to Oxfam’s latest flagship global inequity report, between 1765 and 1900, the UK extracted USD 64.82 trillion from India, with the richest 10% taking USD 33.8 trillion – a stark reminder of colonial exploitation and its enduring impact on global wealth inequality.

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