Question

short note on drain of wealth

Answer 1

The constant flow of wealth from India to England for which India did not get an adequate economic, commercial or material return has been described by Indian national leaders and economists as ‘drain’ of wealth from India. The colonial government was utilizing Indian resources- revenues, agriculture, and industry not for developing India but for its utilization in Britain. If  these resources been utilised within India then they could have been invested and the income of the people would have increased.The drain of wealth was interpreted as an indirect tribute extracted by imperial Britain from India year after year.

Answer 2

The constant flow of wealth from India to England for which India did not get an adequate economic, commercial or material return has been described by Indian national leaders and economists as ‘drain’ of wealth from India. The colonial government was utilizing Indian resources- revenues, agriculture, and industry not for developing India but for its utilization in Britain. If  these resources been utilised within India then they could have been invested and the income of the people would have increased.The drain of wealth was interpreted as an indirect tribute extracted by imperial Britain from India year after year.