Topic: THE DRAIN OF WEALTH AND ITS EFFECT
IN INDIA.answer
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The consequence of Drain of wealth were as follows: It impoverished all the section of Indian society particularly the peasants, who bore the brunt of the taxes raised by the Britishers. It drained India of its precious capital, which could have otherwise been invested in industrialization/ modernization of India.
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➡ The transfer of wealth from India to England for which India got no proportionate economic return, is called the Drain of Wealth.
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