INDIAN HISTORY

Detailed explanation-1: -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-2: -In 1867, Dadabhai Naoroji proposed what is known as the ‘economic imperialism’ theory, in which he stated that British economic policies were completely draining India. He mentioned this theory in his book, Poverty and Un-British Rule in India, and it is also known as the ‘Drain Theory’.

Detailed explanation-3: -Dadabhai Naoroji’s mentioned the concept of drain of wealth from India during British rule in his book Poverty and Un-British Rule in India. He made an estimate of drain which was around Rs 8 million.

Detailed explanation-4: -Exposed the economic exploitation of India by the British. Interpreted the ancient Indian texts and restored the self-confidence of. Indians. Stressed the need for eradication of all the social evils before anything.