what is wealth drain in early period of india
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Drain of wealth means transfer of money from India towards Britain in order to fulfil imperial obligations. There were several pipelines through which this drainage allegedly occured, and these were interest on foreign debt incurred by East India Company, millitary expenditure, guaranteed interest on foreign investment in railways, irrigation, road transport and other infrastructure facilities, in the form of home charges, to pay pension to the officers who work in India. All these expenditure was put on the Indian Account. This transfer of money took place through the sale of Council Bills.
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