What is drain of wealth ?
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Posted by Aisa Bodra 7 years, 11 months ago
- 1 answers
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Jahanvi Malhotra 7 years, 11 months ago
The concept 'Drain of wealth' means exploitation of economic resources of a country by the colonial / imperial power. Drain of wealth was at random during the British colonial regime in India. Then the British colonial power syphoned India's natural resources, raw materials and paralysed the entire economy by way of taxation and other oppressive measures. India was turned into a market of British manufacturing goods. Dadabhai Nauroji the great early nationalist advanced the theory of 'Drain of wealth' in India by the British in 19th century.
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