> Britain had a massive trade deficit with India. Google tells this isn’t true. ... | Hacker News

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		refurb 6 months ago \| parent \| context \| favorite \| on: Growing trade deficit is selling the nation out fr... > 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 6 months ago [–]

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.

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