Question

impact and significant of drain wealth​

Answer 1

$\red{ \boxed{ \mathfrak{Impact \: and \: Significant \: of \: Drain \: Wealth:-}}}$

Dadabhai Naoroji in his book observed, “The drain consists of two elements the first, arising from the remittances by European Officials of their savings, and for their expenditure in England for their various wants both there and in India ; from pensions and salaries paid in England; and the second that arising from remittances by non-official Europeans.”

This indicates that in order to meet the requirements of the economic drain, India had to export much as compared to its imports.

Answer 2

Answer:

ᴛʜᴇ ᴛʀᴀɴsғᴇʀ ᴏғ ᴡᴇᴀʟᴛʜ ғʀᴏᴍ ɪɴᴅɪᴀ ᴛᴏ ᴇɴɢʟᴀɴᴅ ғᴏʀ ᴡʜɪᴄʜ ɪɴᴅɪᴀ ɢᴏᴛ ɴᴏ ᴘʀᴏᴘᴏʀᴛɪᴏɴᴀᴛᴇ ᴇᴄᴏɴᴏᴍɪᴄ ʀᴇᴛᴜʀɴ, ɪs ᴄᴀʟʟᴇᴅ ᴛʜᴇ ᴅʀᴀɪɴ ᴏғ ᴡᴇᴀʟᴛʜ.