Drain of wealth theory by Dadabhai Naoroji

Q.  Who advocated drain of wealth theory?
- Published on 02 Nov 15

a. Gopal Krishna Gokhale
b. Dadabhai Naoroji
c. M.K. Gandhi
d. Jawaharlal Nehru

ANSWER: Dadabhai Naoroji
 
- Dadabhai Naoroji's work focused on the drain of wealth from India into England through colonial rule.
- 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 colonisation has on the country.
- Through his work with economics, Naoroji sought to prove that Britain was draining money out of India

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