Contribution of Dada naroji
Answers
Answer:
Dadabhai Naoroji's work focused on the drain of wealth from India to England during colonial rule of British in India. One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by extension, the effect that colonisation has on the country
Dada Bhai Naroji
Explanation:
a. Dada Bhai Naroji belonged to moderates group of the Indian National Congress, who presented an economic critique of British rule in India as to how British economic policies led to drain of wealth
b. He was great nationalist and has been known as the Grand old man of India.
c. Naroji was the first Asian to be the member of British House of Commons.
d. In his theory of Drain of Wealth, he identified causes of poverty in India, which he attributed to colonial rule
e. Naroji in his book Poverty and Un-British Rule in India. identified various factors that have resulted in economic backwardness in the country reducing it to abject poverty
f. He argued that high rate of revenue, British free trade policy, administration expenses, army expenses were paid by India
g. Further, the money earned by colonial administration was never invested in India, this resulted in huge drain of wealth.
h. Thus, he exposed the real character and nature of the British rule.