Half of India’s revenues went out of India, mainly to England. Indian taxes paid not only for the British Indian Army in India, which was ostensibly maintaining India’s security, but also for a wide variety of foreign colonial expeditions in furtherance of the greater glory of the British empire, from Burma to Mesopotamia. In 1922, for instance, 64 per cent of the total revenue of the Government of India was devoted to paying for British Indian troops despatched abroad. No other army in the world, as Durant observed at the time, consumed so large a proportion of public revenues.
Indian politician, diplomat, author
Shashi Tharoor (Malayalam: ശശി തരൂര്; Born 9 March 1956 in London) is an Indian politician, author, journalist, and a former diplomat who is currently serving as Member of Parliament, Lok Sabha from Thiruvananthapuram, Kerala since 2009. He also currently serves as Chairman of the Parliamentary Standing Committee on Information Technology.
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The British conquest of India was the invasion and destruction of a high civilization by a trading company [the British East India Company] utterly without scruple or principle, careless of art and greedy of gain, over-running with fire and sword a country temporarily disordered and helpless, bribing and murdering, annexing and stealing, and beginning that career of illegal and ‘legal’ plunder which has now [1930] gone on ruthlessly for one hundred and seventy-three years.
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flaunting the Kohinoor on the Queen Mother’s crown in the Tower of London is a powerful reminder of the injustices perpetrated by the former imperial power. Until it is returned — at least as a symbolic gesture of expiation — it will remain evidence of the loot, plunder and misappropriation that colonialism was really all about. Perhaps that is the best argument for leaving the Kohinoor where it emphatically does not belong — in British hands.
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At the beginning of the eighteenth century, as the British economic historian Angus Maddison has demonstrated, India’s share of the world economy was 23 per cent, as large as all of Europe put together. (It had been 27 per cent in 1700, when the Mughal Emperor Aurangzeb’s treasury raked in £100 million in tax revenues alone.) By the time the British departed India, it had dropped to just over 3 per cent. The reason was simple: India was governed for the benefit of Britain. Britain’s rise for 200 years was financed by its depredations in India.