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    HomeNewsOpinionDecoding Economics: Piketty’s new research reveals how the Global South was impoverished to enrich the North

    Decoding Economics: Piketty’s new research reveals how the Global South was impoverished to enrich the North

    A ground-breaking new analysis by Thomas Piketty and Gaston Nievas reveals how centuries of colonial exploitation systematically transferred wealth from India and other colonies to Europe, fuelling Western prosperity at the expense of the Global South. Their research suggests that, had these transfers not occurred, India could have ended up owning vast assets in Britain itself

    Manas Chakravarty
    June 25, 2025 / 09:07 IST
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