How did the export surplus leads to an economic drain of wealth during the colonial rule?
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Drain of wealth means that the main motive of economic policies in India was to snatch maximum benefits from India's trade. Foreign trade of India during the colonial period generated a surplus export due to excess exports. ... Rather, this surplus export was utilised to make payments for: i.
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Drain of wealth means that the main motive of economic policies in India was to snatch maximum benefits from India's trade. Foreign trade of India during the colonial period generated a surplus export due to excess exports.
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