INDIAN HISTORY

Detailed explanation-1: -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-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: -The Correct Answer is Dadabhai Naoroji. Key Points. The wealth drain was the amount of India’s wealth and economy that was not accessible to Indians. Dadabhai Naoroji proposed the ‘drain of wealth’ hypothesis in 1867, claiming that Britain was draining India of all its wealth.