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Strategies & Market Trends : India Coffee House
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To: Mohan Marette who wrote ()10/19/1999 7:04:00 PM
From: Rational  Read Replies (1) of 12475
 
"Security is equally important for safeguarding wealth. Before India fell
prey to the ravages of colonialism, it accounted for about 24.5 per
cent of global manufacturing output in 1750, as Paul Kennedy has
pointed out in The Rise and Fall of Great Powers.

But after it became an appendage of the British capitalist economy,
its share fell to 1.7 per cent by the beginning of the 20th century.
Colonialism stripped India of its immense wealth and left it as a ?Third
World? nation. "

hindustantimes.com
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