Question

briefly explain the economic condition of India during the British period?

Answer 1

Answer:

India's per-capita income remained mostly stagnant during the Raj, with most of its GDP growth coming from an expanding population. ... From 1850 to 1947 India's GDP per capita had grown only slightly by 16%, from $533 to $618 in 1990 international dollars.

Drain of wealth means that economic policies of the British in India were primarily motivated to snatch maximum benefits from India's trade. India's foreign trade generated large export surplus. This export surplus did not result in any flow of gold or silver into India.