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Question
Who had propounded the Theory of Economic Drain of India during British Imperialism?
Who had propounded the Theory of Economic Drain of India during British Imperialism?
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Solution
The correct option is B Dadabhai Naoroji
Dadabhai Naoroji’s mentioned the concept of drain of wealth from India during British rule in his book Poverty and Un-British Rule in India. He made an estimate of drain which was around Rs 8 million. He observed that the drain consists of the remittances by European Officials, their expenditure in England, pensions and salaries paid in England, etc.
Dadabhai Naoroji’s mentioned the concept of drain of wealth from India during British rule in his book Poverty and Un-British Rule in India. He made an estimate of drain which was around Rs 8 million. He observed that the drain consists of the remittances by European Officials, their expenditure in England, pensions and salaries paid in England, etc.
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