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Drain of wealth refers to a portion of national product of india, which was not available for consumption of its people. Briefly explain sea floor spreading theory. Conflict theory is the theory that is oriented toward the economic and political interests of those who are in power.
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The drain theory—which indian thinkers made their own—was as old as rammohun roy, through naoroji and others it came to gandhi. In 1867, dadabhai naoroji put forward the 'drain of wealth' theory in which he stated that the britain was completely draining india. The internal drain consisted in the transfer of wealth from villages to the city, from backward regions to rich regions within a country or from the poor to the rich. 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.
