what you mean by "drain theory" explain..... it's urgent...
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The essence of the drain theory is that the unilateral transfers that India was compelled to make to Britain systematically stripped the country of resources and thus perpetuated poverty.
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The concept of ''drain theory'' is as follows:
- The theory of 'drain of wealth' was put forward by Dadabhai Naoroji during the colonial rule of British in 1867.
- This theory tells about how India was completely being drained by British. British compelled India to transfer their resources to them and this leads to poverty.
- The factors behind the drain theory are- foreign country governs India, immigrants are not attracted by India, the cost of building and occupational army of British are bared by India.
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