A report by Oxfam International claims that Britain drained £52.7 trillion from India during colonial rule between 1765 and 1900, severely damaging India’s economy. India’s global industrial output fell from 25% in 1750 to 2% by 1900, largely due to British exploitation. The report, released at the World Economic Forum, calls for reparations and highlights colonialism's long-term contribution to global inequality.