Question

which were the 2 methods used by the east india company to conduct an economic drain in india​

Answer 1

Answer:

1.They buyed indian goods at cheap rate and sold in Europe at higher rates.

2.They growed Indigo for their porfit.

Answer 2

Answer:

Introduction to Economic Drain:

Many distinguished leaders of thought observed strains and stresses faced by the Indian people after the Mutiny of 1857.

In explaining the dynamics of a colonial, poor and dependent economy, they observed that economic surplus was extracted by the foreign government by a complicated mechanism of “economic drain”.