History, asked by nadeemm230, 1 year ago

write a short note on drain of wealth

Answers

Answered by nav9456
2

HEYY

The drain of wealth was the portion of India's wealth and economy that was not available to Indians. The Drain of Wealth theory was systemically initiated by Dadabhai Naoroji in 1867 and further analysed and developed by R.P. Dutt, M.G Ranade etc. It refers to the economic critique of colonial rule in India that was advocated by the early nationalists. They described the constant one way flow of wealth from India to England for which India received no returns as 'Drain of Wealth'.

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Answered by rupali123173
1

Answer:

The drain of wealth was the proportion

of India's wealth and economy that was

not available to indians. In 1867,

Dada bhai Naoraoji put forth the

'drain of wealth' theory in which stated

that the britain was completely draining

india. He mentioned this theory in his

book poverty and UnBritish Rule in

India.

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