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Burma kicked out its Indians in 1962 and it's economy collapsed, be careful Bshi
| AZNgirl Swimming to Epstein Island | 02/21/26 |
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Date: February 21st, 2026 3:44 PM Author: AZNgirl Swimming to Epstein Island Diss is wat happens if u mean to Pajeets, Uganda too
After independence (1948), many Indians stayed. But under Ne Win following the 1962 coup:
Major industries were nationalized.
Many Indian-owned businesses were seized.
Hundreds of thousands of Indians left (voluntarily or under pressure).
Economic effects:
Loss of experienced traders, financiers, and administrators
Collapse in private sector efficiency
Decline in rice exports (once among the world’s largest)
Long-term economic stagnation under the “Burmese Way to Socialism”
Myanmar went from being one of Southeast Asia’s richest economies in the 1950s to one of the poorest by the 1980s.
So yes — removing a large, economically active minority plus state nationalization policies did hurt the economy, though it was part of a broader shift to isolationist socialism. |