Question

what is economic drain theory​

Answer 1

Answer:

The drain of wealth was the portion of India's wealth and economy that was not available to Indians.In 1867, Dadabhai Naoroji put forward the 'drain of wealth' theory in which he stated that the Britian was completely draining India. He mentioned this theory in his book Poverty and Un-British Rule in India.

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Answer 2

Answer:

The transfer of resources and wealth from India to England without providing 'any equivalent return' which began in the second half of the eighteenth century had been christened by Indian 'non-practicing' economists like Dadabhai Naoroji, M. G. Ranade, R. C. Dutt as the “economic drain”.