Download Drain Of Wealth In India Pics. Roman explains all the important facts you should know about the 'drain of wealth' that took place in colonial india. The drain took the form of an excess of exports over imports—the difference between exports and imports being a broad measure of the drain.
Decolonizing India Notes The Globalising World Hu12001 Studocu from d20ohkaloyme4g.cloudfront.net
The drain of indian wealth became a major source of financing the industrial revolution in england and is also the reason why such revolution did not take place in india. The drain took the form of an excess of exports over imports—the difference between exports and imports being a broad measure of the drain. Indian craftsmen were relocated in england and other british colonies where their skills could be used in various industries.
The drain of wealth was interpreted as an indirect tribute extracted by imperial britain from india year after year.
Dadabhai naoroji was the first man to say that internal factors were not the reasons of poverty in india but poverty was caused by the colonial rule that was draining the wealth and prosperity of india. What do you understand by the drain of indian wealth during the colonial period? The drain of indian wealth became a major source of financing the industrial revolution in england and is also the reason why such revolution did not take place in india. So, just as there was a unilateral transfer of wealth from india to england, so was there a transfer from the poor rural areas to the relatively affluent urban areas.
