The export of merchandise from India, in the year 1924-25, exceeded the import to the value of over $500,000,000.° During that year the import of private treasure totaled $328,000,000.[7]
[7. Ibid., p. 48.]
America, during 1924-25, imported Indian goods[8] to the value of $117,000,000. Yet she sold to India only $46,900,000 worth of goods and exported to India bars of silver on private account of approximately the same value and gold to the value of $67,700,000. This process is steadily increasing as the years pass, raising the world's price of bullion.
[8. Ibid, pp. 48, 60-1, 76.]