13. What do you understand by the drain of India's wealth (or economic drain) during the colonial
period?
14. When was India's first official census conducted?
15. In context of Indian economy, which year is regarded as the de ining year for the demographic
Answers
Answer:
13.The drain of wealth theory was propounded by Dadabhai Naoroji in 19th century.
•During the colonial period the British exploited the Indian resources and their prime motive to conquer India was that they could make it a source for cheap raw materials for their own industries.
•Large export surplus was generated by India's foreign trade but it benefitted Britain more than that it did to India.
•The other reasons for drain of wealth were
•The income of Indians was spent on expensive imports of finished goods from Britain, which made Britain richer at the expense of India.
•The Indians were employed in British army at low salaries.
•The expenses of War and administration incurred by British government to manage their Colonial rule in India were drawn from the revenue collected from India.
Answer:
13. The drain of Indian wealth during colonial period : The drain of Indian wealth during colonial period means using export surplus as payments for expense incurred by an office set up by the colonial government in Britain, expenses on war fought by the British Government and the import of invisible items
Explanation:
14. A systematic and modern population census, in its present form was conducted non synchronously between 1865 and 1872 in different parts of the country. This effort culminating in 1872 has been popularly labeled as the first population census of India However, the first synchronous census in India was held in 1881.