Who is the exponent of the Theory of “Economic Drain” of India during the British Rule?

(A) M.N. Roy
(B) Jai Prakash Narayan
(C) Rammanohar Lohiya
(D) Dadabhai Naoroji

Correct Answer : Dadabhai Naoroji
Question Asked : UPPCS (Mains) 2004, UPPCS (Pre) 1995
Explanation : Dadabhai Naoroji known as Grand old Man of India focused on the drain of wealth from India to England through colonial rule. One of the reasons that the ‘Drain Theory’ is attributed to Naoroji was his decision to estimate the national net profit of India. Dadabhai Naoroji gave some factors that caused external drain. These were : • External rule and administration in India. • All the civil administration and army expenses of Britain were paid by India. • A part of India’s national wealth was transferred to England for which India got no returns. India was bearing the burden of territory building both inside and outside India.
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Web Title : who is the exponent of the theory of economic drain of india during the british rule
Tags : Impact of British Rule on Indian Economy, Modern History of India
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