which of following ranges best identifies the amount of weath that the british empire extracted from india

Answer 1

It is difficult to accurately quantify the amount of wealth extracted from India by the British Empire, as it varied over the course of their colonial rule. However, scholars have estimated different ranges for the economic impact on India:

1. £9 trillion ($45 trillion) - This estimate by economist Utsa Patnaik includes both direct exploitation and indirect costs such as the loss of domestic markets and deindustrialization.

2. £44 million ($61 million) per year - Shashi Tharoor, an Indian politician and author, argues that this amount was extracted from India during British rule.

3. 16% of global GDP at its peak - Historian Angus Maddison suggests that India's share of global GDP declined significantly under British rule, which reflects the economic impact on the country.

4. Unable to Determine - Due to the complexities of colonial economics and varying estimates, it is challenging to ascertain an exact figure for the amount of wealth extracted.