critically examine the drain Theory and its impact on Indian economy
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Drain Theory means the Drain of wealth, which means the transfer of wealth from India to England for which India got no proportionate economic return.
1. The Drain of wealth had a huge effect on the Indian economy as before the Battle of Plassey, the British would bring gold to trade. But then after they started trading using the money they got from the land revenue on Bengal.
2. It made India a market for British finished goods from a producer of handlooms and silks.
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