explain the drain theory
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In 1867, Dadabhai Naoroji put forward the 'drain of wealth' theory in which he stated that the Britain was completely draining India. ... The drain of wealth was the portion of India's wealth and economy that was not available to Indians for consumption.
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- MODERATERS WERE THE FIRST TO SYUDY THE ILL EFFECTS OF THE BRITISH RULE IN INDIA.
- THEY EXPLAINED THE DRAIN OF RESOURCES OF INDIA INTO ENGLAND THROUGH SCIENTIFIC STATISTICS AND CALLED IT "Drain theory".
- BY INCREASING THE IMPORT AND REDUCING THE EXPORT , THE BRITISH FACILATED THE DRAINING OUT OF PRECIOUS INDIAN RESOURCES INTO INDIA.
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