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Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his paper
- a)Poverty and Un-British Rule in India.
- b)England‘s Debt to India.
- c)On the Commerce of India.
- d)The Wants and Means of India.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Dadabhai Naoroji first put forward his Theory of Drain of Wealth in hi...
- Dadabhai Naoroji, an influential Indian political leader and thinker, first introduced the Theory of Drain of Wealth in his paper "England’s Debt to India."which he presented at the gathering of the East India Association in London (1867)
- This theory highlighted how Britain was economically exploiting India by transferring wealth to England, leading to poverty in India.
- The paper detailed the mechanisms of economic drain, including unfavorable trade practices and the outflow of Indian resources and revenues.
- Naoroji's work was pivotal in raising awareness about the economic impact of British rule in India.
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Dadabhai Naoroji first put forward his Theory of Drain of Wealth in hi...
Introduction to Dadabhai Naoroji
Dadabhai Naoroji, a prominent Indian nationalist and politician, is best known for his contributions to the Indian independence movement. Among his significant theories, the "Drain of Wealth" stands out as a crucial aspect of his economic critique of British colonial rule in India.
The Theory of Drain of Wealth
Naoroji's Theory of Drain of Wealth posits that British colonial policies systematically drained India's wealth, leading to widespread poverty. He argued that the economic exploitation of India resulted in the transfer of wealth from India to Britain, harming the Indian economy.
Key Work: England's Debt to India
- In his paper "England's Debt to India," Naoroji elaborated on this theory, detailing the economic injustices inflicted upon India.
- He provided statistical evidence to illustrate how India contributed to Britain's wealth through taxes, resources, and profits from trade.
- Naoroji emphasized that while India was rich in resources, the colonial administration exploited these for Britain's benefit, leaving India impoverished.
Impact of the Theory
- This theory galvanized Indian intellectuals and nationalists to understand the economic implications of colonial rule.
- It also laid the groundwork for future economic thought in India, influencing leaders like Mahatma Gandhi and Jawaharlal Nehru.
Conclusion
In summary, Dadabhai Naoroji's "England's Debt to India" was pivotal in articulating the Drain of Wealth theory. His insights into the economic exploitation under British rule inspired a wave of nationalist sentiment and advocacy for Indian rights, making this work a cornerstone of India's struggle for independence.
Dadabhai Naoroji, a prominent Indian nationalist and politician, is best known for his contributions to the Indian independence movement. Among his significant theories, the "Drain of Wealth" stands out as a crucial aspect of his economic critique of British colonial rule in India.
The Theory of Drain of Wealth
Naoroji's Theory of Drain of Wealth posits that British colonial policies systematically drained India's wealth, leading to widespread poverty. He argued that the economic exploitation of India resulted in the transfer of wealth from India to Britain, harming the Indian economy.
Key Work: England's Debt to India
- In his paper "England's Debt to India," Naoroji elaborated on this theory, detailing the economic injustices inflicted upon India.
- He provided statistical evidence to illustrate how India contributed to Britain's wealth through taxes, resources, and profits from trade.
- Naoroji emphasized that while India was rich in resources, the colonial administration exploited these for Britain's benefit, leaving India impoverished.
Impact of the Theory
- This theory galvanized Indian intellectuals and nationalists to understand the economic implications of colonial rule.
- It also laid the groundwork for future economic thought in India, influencing leaders like Mahatma Gandhi and Jawaharlal Nehru.
Conclusion
In summary, Dadabhai Naoroji's "England's Debt to India" was pivotal in articulating the Drain of Wealth theory. His insights into the economic exploitation under British rule inspired a wave of nationalist sentiment and advocacy for Indian rights, making this work a cornerstone of India's struggle for independence.
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Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)England‘s Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)England‘s Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)England‘s Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Can you explain this answer?.
Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)England‘s Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)England‘s Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)England‘s Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Can you explain this answer?.
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