What do you understand by the drain of I | Class 11 Economics - Indian Economic Development Chapter Indian Economy on the Eve of Independence, Indian Economy on the Eve of Independence NCERT Solutions

Question:

What do you understand by the drain of Indian wealth during the colonial period?

Answer:

Dadabhai Naroji advocated the theory of 'Drain of Wealth' in the 19th century. The colonial period was marked by the exploitation of Indian resources. The sole motive of Britain to conquer India was to own a perennial source of cheap raw materials to feed its own industrial base in Britain. Further, British government used India's manpower to spread its colonial base outside India. Also, the administrative expenses that were incurred by the British government to manage the colonial rule in India were borne by Indian Exchequer. Thus, the British rule drained out Indian wealth for the fulfillment of its own interests.


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Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 9: What do you understand by the drain of Indian wealth during the colonial period?....