Which of the following led to the drain of Indian wealth? * Import of invisible items Payment for expenses incurred by an office set up by the colonial government in Britain Expenses on war, again fought by the British government All the above
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The drain of Indian wealth during colonial period : The drain of Indian wealth during colonial period means using export surplus as payments for expense incurred by an office set up by the colonial government in Britain, expenses on war fought by the British Government and the import of invisible items.
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Dadabhai Naoroji was the first cited the 'Drain of Wealth' in his book 'Poverty and Un-British Rule in India'
The surplus was used to make payments for the expenses incurred by the office set up by the colonial government in Britain. The surplus was used to pay expenses on war fought by the British government. Surplus was used to pay for the import of invisible items.
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