Site icon UPSC Express

Q. The British rule has been often been described as the reason for drain of Indian wealth to Britain. In this light discuss constituent of economic drain and consequences of the same.


Structure of the answer:

Model Answer

The constant flow of wealth from India to England for which India did not get an adequate economic, commercial or material return has been described as drain of wealth from India. Dadabhai Naoroji gave ‘drain of wealth theory’ in his book ‘Poverty and Un-British Rule in India’. Scholarly, estimate drain of wealth to be around 9% of India’s GDP in 18th century and 6% of GDP in 19th century.

The various constituents of drain of wealth are as follows:

The consequence of Drain of wealth were as follows:

Thus, British methods of exploitation though less painful but resembled the blood-sucking leeches.

Exit mobile version