The Drain of Wealth Theory, proposed by Dadabhai Naoroji, explains how British colonial rule systematically transferred India’s wealth to Britain, causing poverty and economic stagnation. BulletsIn The theory was introduced in 1867, highlighting how British policies led to continuous economic exploitation by transferring India’s resources, revenue, and profits to Britain without adequate returns. It argued
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The Drain of Wealth Theory, proposed by Dadabhai Naoroji, explains how British colonial rule systematically transferred India’s wealth to Britain, causing poverty and economic stagnation. BulletsIn The theory was introduced in 1867, highlighting how British policies led to continuous economic exploitation by transferring India’s resources, revenue, and profits to Britain without adequate returns. It argued
14British economic policies in India, especially after 1757 in Bengal and other controlled regions, turned India into a colonial economy by extracting revenue, weakening local industry, and redirecting resources to serve British commercial and political interests. Bullets British rule reshaped India’s economy to meet Britain’s needs, not India’s development, changing agriculture, trade, and production patterns.
British economic policies in India, especially after 1757 in Bengal and other controlled regions, turned India into a colonial economy by extracting revenue, weakening local industry, and redirecting resources to serve British commercial and political interests. Bullets British rule reshaped India’s economy to meet Britain’s needs, not India’s development, changing agriculture, trade, and production patterns.
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