The charter also gave it the right to “wage war” in pursuit of its aims.
was incorporated by royal charter from Her Majesty Queen Elizabeth I in 1600 to trade in silk, spices and other commodities. India’s gradually dwindling share of the world’s economy begins when the East India Co. Without any apology, the author tackles the true story of the Raj: The looting of India. They reacted as if I had opened their eyes, instead of merely reiterating what they already knew,” Tharoor said. “The fact that my speech struck a chord with so many listeners suggested that what I considered basic was unfamiliar to many, perhaps most, educated Indians. At the end of May 2015 Shashi Tharoor was invited by the Oxford Union to speak on the subject “Britain Owes Reparation to Her Former Colonies.” In early July, the debate was posted on the web and Tharoor tweeted a link to it, which went viral. This brilliant reassessment of the Raj began, in fact, as a debate. How did one of the wealthiest countries turn into one of the poorest and most backward in the world? “Inglorious Empire” gives a scathing account of what the British really did to India. By 1940, Britain was producing nearly 10 percent of global gross domestic product (GDP) and after the British had left, India’s GDP stood at 4 percent. was established, Britain accounted for only 1.8 percent of the world’s GDP while India was generating some 23 percent.
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