Download Drain Of Wealth In Indian History PNG. The drain of wealth was the portion of india's wealth and economy that was not available to indians. First of all it was criticised by sri dadabhai naoroji in his book poverty and un british rule in india.
Drain Of Wealth Poverty Unbritish Rule In India from mrunal.org
The drain of wealth theory, together with deindustrialization, formed the central theme of the nationalist critique of the exploitative nature of british rule in india. The british, consequently, spent a large part of the taxes and income they derived from indian people not in india, but in their home. A brief history of india, a land of ancient civilizations.
The drain of wealth was the portion of india's wealth and economy that was not available to indians for consumption.
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. Dadabhai naoroji was a greater supporter of free education especially to women and children in india as his mother had to struggle a lot to provide the same to him. Dadabhai naoroji had estimated that every year, anywhere between 30 million to 40 million pound sterlings were flowing out of india. These two phases are usually described as the.
