drain of Indian wealth to Britain
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The transaction of goods of India with the British, in which Indians got no proportionate amount of profit, is known as Drain of Wealth.
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The drain of wealth was the portion of India'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 completely draining India. He mentioned this theory in his book Poverty and Un-British Rule in India.
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