Write a short note on “Drain of Wealth”? (100 words)

Best Answer : Drain of Wealth

Drain of Wealth: The “Drain of Wealth” refers to the economic exploitation of India by the British colonial administration. This systematic wealth extraction included heavy taxation, resource depletion, and unfavorable trade policies, resulting in significant economic losses for India. The drained wealth was funneled to Britain, leaving the Indian economy impoverished and hindering its development. Prominent leaders like Dadabhai Naoroji highlighted this economic exploitation as a central concern in India’s push for self-rule. The Drain of Wealth concept emphasized not only political but also economic independence as a crucial aspect of India’s struggle for self-determination. It further underscored the need for economic self-sufficiency as an integral part of India’s fight for independence and economic prosperity.


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