UK drained $64.82 trillion from India during colonial rule; billionaire wealth surged by $2 trillion in 2024: Key points of Oxfam report

Oxfam International’s report highlights how colonial wealth extraction, particularly from India, has laid the foundation for modern economic inequalities, including the dominance of unearned wealth, the exploitation in global supply chains, and the widening gender and wage gaps, reinforcing economic dependency and underdevelopment.

UK drained $64.82 trillion from India during colonial rule; billionaire wealth surged by $2 trillion in 2024: Key points of Oxfam report
Oxfam International’s report highlights how colonial wealth extraction, particularly from India, has laid the foundation for modern economic inequalities, including the dominance of unearned wealth, the exploitation in global supply chains, and the widening gender and wage gaps, reinforcing economic dependency and underdevelopment.