UGC Approved Journal no 63975(19)

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Volume 7 Issue 4
April-2020
eISSN: 2349-5162

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Published Paper ID:
JETIR2004398


Registration ID:
231079

Page Number

1457-1469

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Title

How much wealth did the East India Company extract from India? : The economic collapse of India and the rise of a Vicious Corporate.(1762-1857)

Abstract

The ‘Company Raj’(Company Rule) lasted in India for almost a hundred years, before the British Crown took over India as a colony. During its period of rule in the country, the Company devastatingly exploited India’s resources and riches for its ‘Corporate Profits’. Although an immense number of people are well aware of the intense financial plunder caused by the Company and often stumble upon the question of the actual amount of funds taken away by the former, it is seldom that they have the answer to this. The purpose of this research, therefore, is to calculate the best possible estimate of the total present-day value of the gross amount of capital extracted by the EIC(East India Company) from India along with a brief examination of the distressing effects of the overall economic disaster caused by the Company in the country. This paper will also look at the sheer contrast between the EIC and present-day foreign enterprises operating in India. The following research was conducted through the detailed examination of various suitable and verified sources related to the EIC’s loot of the Indian economy, including other research papers and articles. This paper also takes into consideration the omnipresent room for errors (due to the lack of documentation) while calculating historic monetary funds such as in the following research. Therefore all statistical figures and calculations in this paper are presented in consideration with various credible sources.

Key Words

Company Raj, Corporate Profits, Financial Plunder, Economy, Monetary funds

Cite This Article

"How much wealth did the East India Company extract from India? : The economic collapse of India and the rise of a Vicious Corporate.(1762-1857)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 4, page no.1457-1469, April-2020, Available :http://www.jetir.org/papers/JETIR2004398.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"How much wealth did the East India Company extract from India? : The economic collapse of India and the rise of a Vicious Corporate.(1762-1857)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 4, page no. pp1457-1469, April-2020, Available at : http://www.jetir.org/papers/JETIR2004398.pdf

Publication Details

Published Paper ID: JETIR2004398
Registration ID: 231079
Published In: Volume 7 | Issue 4 | Year April-2020
DOI (Digital Object Identifier):
Page No: 1457-1469
Country: Jaipur, Rajasthan, India .
Area: Arts
ISSN Number: 2349-5162
Publisher: IJ Publication


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