what is drain of wealth?
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Hi.
Here is your answer-----------
Dadabhai Naoroji who was also known as the India's unofficial ambassador of England and he also known as the grand old man of India and was the first Indian Citizens to be the British Member's of Parliament.
Drain of wealth---He proposed the Drain of wealth theory, according to which, he exposes that how the Britishers are draining India's wealth.
For example----- In his theory, he says that-----
1------Salaries payable to the members of Indian council,
2------Pensions to British Officers,etc.
Hope it will help u.
Have a nice day.
Here is your answer-----------
Dadabhai Naoroji who was also known as the India's unofficial ambassador of England and he also known as the grand old man of India and was the first Indian Citizens to be the British Member's of Parliament.
Drain of wealth---He proposed the Drain of wealth theory, according to which, he exposes that how the Britishers are draining India's wealth.
For example----- In his theory, he says that-----
1------Salaries payable to the members of Indian council,
2------Pensions to British Officers,etc.
Hope it will help u.
Have a nice day.
Answered by
11
Answer:
DRAIN OF WEALTH;
DURING THE BRITISH PERIOD INDIA WAS TRANSFORMED INTO A SUPPLIER OF RAW MATERIALS TO THE BRITISH INDUSTRIES FULL STOP INDIA BECAME A MARKET FOR THE FINISHED PRODUCTS OF BRITAIN. SO THERE WAS A CONTINUOUS TRANSFER OF RESOURCES FROM INDIA TO BRITAIN WITHOUT ANY PROFIT TO INDIA. THIS IS CALLED AS DRAIN OF WEALTH.
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