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After 1833, the single biggest source of drain of Indian wealth to Britain was
- a)British capital investment in India
- b)Import of mill-made textiles and woollens
- c)Export of opium and indigo
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
After 1833, the single biggest source of drain of Indian wealth to Bri...
Explanation:
Source of Drain of Indian Wealth:
After 1833, the single biggest source of drain of Indian wealth to Britain was British capital investment in India.
Reasons:
1. Transfer of Capital: The British invested capital in India, which was then transferred back to Britain in the form of dividends, profits, and salaries.
2. Interest Payments: India had to pay interest on the capital borrowed from Britain. This reduced the amount of money available for investment in India.
3. Unequal Trade: India was forced to import goods from Britain, while its own goods were not given free access to the British market.
4. Tariff Policy: The British imposed heavy tariffs on Indian goods, making them uncompetitive in the British market.
5. Deindustrialization: The British policies led to the deindustrialization of India. Indian industries were destroyed and replaced by British industries.
6. Land Revenue System: The British introduced a land revenue system that was exploitative in nature. The peasants were forced to pay high taxes, which reduced their income and savings.
Conclusion:
Thus, British capital investment in India was the single biggest source of drain of Indian wealth to Britain after 1833. This led to the impoverishment of India and the growth of British wealth.
Source of Drain of Indian Wealth:
After 1833, the single biggest source of drain of Indian wealth to Britain was British capital investment in India.
Reasons:
1. Transfer of Capital: The British invested capital in India, which was then transferred back to Britain in the form of dividends, profits, and salaries.
2. Interest Payments: India had to pay interest on the capital borrowed from Britain. This reduced the amount of money available for investment in India.
3. Unequal Trade: India was forced to import goods from Britain, while its own goods were not given free access to the British market.
4. Tariff Policy: The British imposed heavy tariffs on Indian goods, making them uncompetitive in the British market.
5. Deindustrialization: The British policies led to the deindustrialization of India. Indian industries were destroyed and replaced by British industries.
6. Land Revenue System: The British introduced a land revenue system that was exploitative in nature. The peasants were forced to pay high taxes, which reduced their income and savings.
Conclusion:
Thus, British capital investment in India was the single biggest source of drain of Indian wealth to Britain after 1833. This led to the impoverishment of India and the growth of British wealth.
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After 1833, the single biggest source of drain of Indian wealth to Bri...
Because after 1833 the regulations were in hands of British with authority to impart large part of their money in infrastructure to gain much profit. From india. They started various reforms in infrastructure to get easier resources for their sustainable development of their own country. (u. K)
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