INDIAN HISTORY

Detailed explanation-1: -The correct answer is Calcutta Session, 1906.

Detailed explanation-2: -Naoroji’s work focused on the drain of wealth from India to Britain during the period rule of British rule in 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.

Detailed explanation-3: -In 1867, Dadabhai Naoroji put forward the ‘drain of wealth’ theory in which he stated that Britain was completely draining India.

Detailed explanation-4: -The drain of wealth theory was propounded by Dadabhai Naoroji in 19th century. During the colonial period the British exploited the Indian resources and their prime motive to conquer India was that they could make it a source for cheap raw materials for their own industries.