The Anglo-Indian Wars: How Britain Conquered the Richest Country on Earth — And Left It in Poverty
The Anglo-Indian Wars: How Britain Conquered the Richest Country on Earth — And Left It in Poverty In 1600 India was the richest country on earth. Not metaphorically. Not approximately. By the best estimates historians have been able to construct, India accounted for approximately twenty-three percent of the entire world's economic output at the start of the seventeenth century. Its textile industry was the most sophisticated on the planet. Its cities were larger and more prosperous than anything in Europe. The Mughal Empire at its height governed more people and more wealth than any contemporary European kingdom. By 1947 — when the British finally left — India's share of world GDP had fallen to under four percent. Famines had killed tens of millions of people. Industries that had employed generations had been deliberately destroyed. A country that had exported finished goods to the world now exported raw materials at controlled prices to British factories. This is the stor...