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Dadabhai Naoroji

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13y ago
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12y ago

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Q: Who propagated the theory of drain of wealth in India?
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Who propagated the theory of drain of wealth theory?

dadbhai naoroji


When was the theory of the Drain of Wealth written?

Dadabhai Naoroji’s theory of the Drain of Wealth was first stated in his book Poverty and Un-British Rule in India published in 1867.


Who propounded the theory of economic drain from India to England?

Dadabhai naoroji...


What do you understand by the drain of wealth from India during colonial rule?

all the money was wasted in the war.


Who is the writer of the drain of wealth?

"The Drain of Wealth" was a term often associated with Dadabhai Naoroji, an Indian political leader and educator who was one of the founding members of the Indian National Congress. Naoroji wrote extensively about the economic exploitation of India by the British colonial government and how wealth was being drained from India to Britain.


What is economic drain theory?

According to the Economic Drain theory ,there is a continuous flow of wealth from one nation to another without any returns ,be it material or money,to the nation which is being drained.Drain is a single flow direction with the drained nation getting no returns which is detrimental to the economy of the drained nation.The theory was laid down by Dadabhai Naoroji,the first Indian to be elected to the British Parliament,in his book "Poverty and Unbritish rule in India" in 1867.According to him ,India was being drained of its wealth by Britain due to the following reasons1.India was being ruled by a foreign nation2.India had to pay for the salaries and pensions of British officials.3.India had to pay for the wars the British fought both inside and outside the subcontinent.4.Free trade led to rise in exports ,as compared to imports ,with no returns to India.5.India had to pay for the expenses of the Indian Government in Britain.6.Prinicipal foreign earners would buy outside the country and would sometimes leave the country with money earned.The effects of India's drain were drastic:1.While India produced about 25 percent of world industrial output in 1750, this figure had fallen to only 2 percent by 1900.2.It led to widespread poverty ,ruined the Handicraft Industries and suppressed the premature modern Indian Industries.


Who popularised drain theory?

Raizan


Who popularized drain theory?

reizan


Who popularized the drain theory?

reizan


What is plog's theory?

a stoppage in a pipe or drain


Merits and demerits of brain drain?

it will increase our native nations wealth


Who gave Economic Drain Theory?

Dadabhai navaroji