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refurb 14 days ago

> Britain had a massive trade deficit with India.

Google tells this isn’t true.

The UK actually had a massive trade surplus because it received cheap resources from India, then sold back high value items.

All of this was controlled by strict trade rules.

graemep 14 days ago | parent [-]

Britain imported resources India which was a source of resources, which it then used to sell high value items globally.

I think the UK ran a deficit with India, but a surplus with (richer) countries that bought those high value items.