Question

Explain Drain theory.​

Answer 1

Answer:

Drain theory is the theory put forward by Dadabhai Naoroji, which is included in his book 'Poverty and UnBritish Rule in India'. It deals about the truth that the drain of wealth to Britain was the root cause of poverty in India at the time of British rule.

Answer 2

Answer:

• The ‘Drain Theory’ was first developed by Dadabhai Naoroji in a series of speeches and writings subsequently published in 1901 in a volume entitled Poverty and un-British Rule in India. Marginal contributions to the theory were also made by R.C. Dutt, G. S. Iyer, G.K. Gokhale and P.C. Ray.

• During the late 19th and early 20th century, ‘the drain theory’ came to be seen as the symbol of Indian economic nationalism. Its message was that financial mechanisms by which British rule in India was maintained led to a transfer of wealth and income from India to Britain, imposing a ‘bleeding drain’ on the Indian economy.

Explanation:

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