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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?
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Dadabhai Naoroji first put forward his Theory of Drain of Wealth in hi...
Dadabhai Naoroji's theory of the Drain of Wealth. 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.
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Dadabhai Naoroji first put forward his Theory of Drain of Wealth in hi...
Introduction: Dadabhai Naoroji was one of the founders of the Indian National Congress and a prominent figure in the Indian independence movement. He was also an economist who proposed the Theory of Drain of Wealth.
Theory of Drain of Wealth: The Theory of Drain of Wealth, also known as the Drain Theory, was first put forward by Dadabhai Naoroji in his paper "England's Debt to India" in 1867. According to this theory, India was being drained of its wealth by the British government through various means, including:
- Heavy taxation
- Exploitation of India's natural resources
- Unequal trade policies
- Export of Indian wealth to Britain
Impact of Drain Theory: The Drain Theory had a significant impact on the Indian independence movement. It provided a framework for understanding the economic exploitation of India by the British and helped to galvanize support for independence. The Drain Theory also influenced the development of economic nationalism in India and the push for self-sufficiency.
Other Works: In addition to "England's Debt to India," Dadabhai Naoroji also wrote several other works on economic issues facing India, including "Poverty and Un-British Rule in India," "On the Commerce of India," and "The Wants and Means of India."
Conclusion: Dadabhai Naoroji's Theory of Drain of Wealth was a significant contribution to the Indian independence movement and the development of economic nationalism in India. His work helped to raise awareness of the economic exploitation of India by the British and provided a framework for understanding the economic issues facing the country.
Theory of Drain of Wealth: The Theory of Drain of Wealth, also known as the Drain Theory, was first put forward by Dadabhai Naoroji in his paper "England's Debt to India" in 1867. According to this theory, India was being drained of its wealth by the British government through various means, including:
- Heavy taxation
- Exploitation of India's natural resources
- Unequal trade policies
- Export of Indian wealth to Britain
Impact of Drain Theory: The Drain Theory had a significant impact on the Indian independence movement. It provided a framework for understanding the economic exploitation of India by the British and helped to galvanize support for independence. The Drain Theory also influenced the development of economic nationalism in India and the push for self-sufficiency.
Other Works: In addition to "England's Debt to India," Dadabhai Naoroji also wrote several other works on economic issues facing India, including "Poverty and Un-British Rule in India," "On the Commerce of India," and "The Wants and Means of India."
Conclusion: Dadabhai Naoroji's Theory of Drain of Wealth was a significant contribution to the Indian independence movement and the development of economic nationalism in India. His work helped to raise awareness of the economic exploitation of India by the British and provided a framework for understanding the economic issues facing the country.
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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?
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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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