Drain of Wealth Archives

Discuss the view of early nationalists in India on drain of wealth and lack of industries in India.

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Introduction In the late 19th century, a group of educated Indians known as the early nationalists began to criticize British rule in India. These leaders, including Dadabhai Naoroji, R.C. Dutt, and M.G. Ranade, raised important questions about the British economic policies. One of their most powerful arguments was about the “drain of wealth” from India […]

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Critically examine recent arguments pertaining to drain of wealth.

Introduction The concept of the “drain of wealth” from India to Britain during colonial rule has been a critical subject in the study of India’s economic history. Originally advanced by thinkers like Dadabhai Naoroji, R.C. Dutt, and later supported by nationalist economists, the theory highlighted how colonial policies led to the systematic transfer of Indian