Question

what is known as drain of wealth

Answer 1

Meaning of Drain of Wealth. The drain of wealth was typically “a phenomenon of colonial rule.” The person to draw pointed attention to this drain of resources from India to England was Dadabhai Naoroji in his book Poverty and Un-British Rule in India (1871).

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Answer 2

Answer:

drain of wealth;

Explanation:

DURING THE BRITISH PERIOD INDIA WAS TRANSFORMED INTO A SUPPLIER OF RAW MATERIALS TO THE BRITISH INDUSTRIES. INDIA BECAME A MARKET FOR THE FINISHED PRODUCTS OF BRITAIN FULL STOP SO THERE WERE A CONTINUOUS TRANSFER OF RESOURCES FROM INDIA TO BRITAIN WITHOUT ANY PROFIT TO INDIA. THIS IS CALLED AS DRAIN OF WEALTH