Question

3. Explain the Drain Theory
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Answer 1

Answer:

The essence of the drain theory is that the unilateral transfers that India was compelled to make to Britain systematically stripped the country of resources and thus perpetuated poverty.

Explanation:

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Answer 2

The 'Drain Theory' was first developed by Dadabhai Naoroji in a series of speeches and writings subsequently published in 1901 in a volume entitled Poverty and un-British Rule in India.