Frequent question: Who said the British rule was a bleeding drain from India?

One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by extension, the effect that colonial rule had on the country. Through his work with economics, Naoroji sought to prove that Britain was draining money out of India.

Who proposed the drain theory?

Dadabhai Naoroji was among the key proponents of the ‘Drain Theory’, disseminating it in his 1901 book ‘Poverty and Un-British Rule in India’.

How did the British drain away from India?

The exact mechanism of drain, or transfers from India to Britain was quite simple. The key factor was Britain’s control over our taxation revenues combined with control over India’s financial gold and forex earnings from its booming commodity export surplus with the world.

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Which of the following is the name of the book written by naoroji Criticising the British?

2 – Dadabhai Naoroji Naoroji’s book Poverty and Un-British Rule in India offered a scathing criticism of the economic impact of British rule.

Who wrote the book describing the theory of economic drain of India during British rule?

Correct Option: D. Dadabhai, known as the Grand old man, wrote the book ‘Poverty and Un-British Rule in India’ describing the theory of economic drain of India during British rule.

Who first wrote about the expulsion of wealth from India by the British rule?

In 1867, Dadabhai Naoroji put forward the ‘drain of wealth’ theory in which he stated that the Britain was completely draining India. He mentioned this theory in his book Poverty and Un-British Rule in India.

How was wealth drain from India to England?

So, the ‘Drain of wealth’ from India to England started after 1757 (Battle of Plassey), when the Company acquired political power and the servants of the Company a ‘privileged status’ and, therefore, acquired wealth through dastak, dastur, nazarana and private trade.

Who wrote the drain theory and what is explained in the famous drain theory?

One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by extension, the effect that colonial rule had on the country. Through his work with economics, Naoroji sought to prove that Britain was draining money out of India.

Who looted India most?

Emperor Nader Shah, the Shah of Persia (1736–47) and the founder of the Iranian Afsharid dynasty of Persia, invaded Northern India, eventually attacking Delhi in March 1739.

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What did British take from India?

How did the British land in India? The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium.

Who propounded the theory of drain of Wealth?

The Drain of Wealth theory, first propounded by Dadabhai Naoroji in 1867, was set in a much different perspective of economic colonisation of India to service the needs of Industrial revolution in Britain.

Who was the editor of the newspaper Rast Goftar?

Rast Goftar newspaper was edited by Dadabhai Naoroji. Dadabhai Naroji: He was also known as the “Grand Old Man of India” and ‘Father of Indian Nationalism’. He was the first Indian to be elected as a member of the British Parliament.

Who is known as founder of British rule in India?

Robert Clive (1725–1774), later 1st Baron Clive, is widely considered the founder of British India. He arrived in Madras as a clerk for the East India Company in 1744.