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Question

Who proposed the 'Drain Wealth' theory?

A
Chanakya
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B
P.C. Mahalanobis
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C
Dadabhai Naoroji
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D
Adam Smith
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Solution

The correct option is C Dadabhai Naoroji

In 1867, Dadabhai Naoroji put forward the 'drain of wealth' theory in which he stated that the Britain was completely draining India. He mentioned this theory in his book Poverty and Un-British Rule in India. He put forward the idea that Britain was draining and bleeding India and that, too, for nothing.


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