Question

4. Explain the term ‘drain of wealth’ during the colonial period from India?

Answer 1

The drain of wealth was the portion ofIndia's wealth and economy that was not available to Indians. In 1867, Dadabhai Naoroji put forward the 'drain of wealth' theory in which he stated that the Britain was completelydraining India. He mentioned this theory in his book Poverty and Un-British Rule in India..

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