Question

what is meant by drain theory

Answer 1

The ‘Drain Theory’ was first developed by Dadabhai Naoroji in a series of speeches and writings subsequently published in 1901 in a volume entitled Poverty and un-British Rule in India. Marginal contributions to the theory were also made by R.C. Dutt, G. S. Iyer, G.K. Gokhale and P.C. Ray.

During the late 19th and early 20th century, ‘the drain theory’ came to be seen as the symbol of Indian economic nationalism. Its message was that financial mechanisms by which British rule in India was maintained led to a transfer of wealth and income from India to Britain, imposing a ‘bleeding drain’ on the Indian economy.

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Answer 2

DRAIN THEORY

Drain theory is the theory put forward by Dadabhai Naoroji, which is included in his book 'Poverty and UnBritish Rule in India'. It deals about the truth that the drain of wealth to Britain was the root cause of poverty in India at the time of British rule.

Many educated leaders of Indian National Congress started to study about the cause of poverty in India. They revealed the truth that the British converted India as a market to sell their products and a centre for collecting raw materials for their industrial purposes. They put forward that Indian life had become a burden when production and distribution of consumer products like salt came under the control of the British. Dadabhai Naoroji was at the lead in pointing out such discriminations. Through his studies, he established facts on the deterioration of Indian Economy. His studies were based on empirical data. He found out that a huge amount of money was flowing to Britain every year. He established the theory that the drain of wealth was the root cause of poverty in India as 'Drain Theory'.

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