Yes, Britain famously transferred wealth to India. When British arrived in India its share of the world economy was 4%. When they left in 1947, they had taken it to 23%, roughly equal to all of Europe combined.
On a serious note.
The Indian railways were financed entirely by bonds sold on the London Stock Exchange. British investors were guaranteed a return of 5% per annum by the colonial government. A guaranteed return, in an era when no other safe investment in Britain offered anything close. And who guaranteed those returns? Indian taxpayers. Indians paid for the construction. Indians paid the guaranteed profits to British shareholders. Indians paid for the equipment, which was manufactured exclusively in Britain and shipped to India at inflated prices. One mile of Indian railway cost twice what the same mile cost to build in Canada or Australia, because the guaranteed return meant there was no incentive to control costs. The more it cost, the more British investors and suppliers earned.
And what were these railways designed to do? Move raw materials from India’s interior to ports. Cotton from the Deccan to Bombay. Jute from Bengal to Calcutta. Coal from Bihar to wherever the Empire needed it. Tea from Assam to London’s drawing rooms. The routes connected mines and plantations to harbors. Not cities to cities. Not people to opportunities. Raw materials to ships. The Indian public’s transportation needs were, as Shashi Tharoor put it, entirely incidental.
Oh, and the railways also moved troops. Very efficiently. So that when Indians protested being looted, the British could deploy soldiers to shoot them. That was the other “infrastructure investment.”
But wait, there is more. Before the railways, India had the world’s finest textile industry. The British smashed the looms, broke the weavers’ thumbs (this is not metaphor, this is documented history), imposed tariffs on Indian cloth, and shipped raw cotton to Manchester to be manufactured into garments that were then sold back to Indians. India went from being the world’s largest textile exporter to an importer of British cloth within a generation.
The Bengal Famine of 1943 killed an estimated 3 million people. Churchill diverted food supplies from Bengal to already well-supplied British troops and European stockpiles. When informed of the famine, his response, on the record, was to ask why Gandhi had not died yet. This is the “infrastructure investor” Musk is defending.
India contributed 2.5 million soldiers to fight in two World Wars on Britain’s behalf.
So let us summarize the colonial “investment” in India. They took a 23% global economy and left it at 4%. They destroyed the world’s finest textile industry. They built railways with Indian money, for Indian resources, generating British profits. They engineered famines that killed millions. They drained an estimated $45 trillion in today’s value over 200 years.
That’s some unprofitable adventure.
Did not expect Hindu kids to say this
Is this our Idea of India?
Is this our New India
Is this our Amrit Kaal
Is this our Vishwaguru
Is this our 4th Biggest Economy
#BREAKING: New video from US Consulate in Karachi, Pakistan where US Marines can be seen shooting at the protestors who barged in and attacked the US Mission. Over 10 protestors have been killed in Karachi shooting itself. Over 21+ killed across Pakistan in protests today.
Padmaavat was reportedly first offered to Kangana Ranaut. She asked Sanjay Leela Bhansali for the script, but he refused, saying he doesn’t share scripts.
And honestly, Kangana wasn’t entirely wrong about Deepika Padukone’s role in Padmaavat. 😭