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The transfer of resources and wealth from India to England without providing ‘any equivalent return’ which began in the second half of the eighteenth century had been christened by Indian ‘non-practicing’ economists like Dadabhai Naoroji, M. G. Ranade, R. C. Dutt as the “economic drain”.
It was in 1867that for the first time Dadabhai Naoroji in his paper 'England's Debt to India' put forward the idea that Britain was extracting wealth from India as a price of her rule in India, that out of the revenues raised in India, nearly one-fourth went clean out of the country and was added to the resources of England', and that India was consequently 'being bled'. Dadabhai Naoroji dedicated his life to propagation of the drain theory and to launching a roaring campaign against the drain which was considered by him to be the fundamental evil of British rule in India.\\
Based on this firm foundation, the later nationalists went on to stage powerful mass agitations and mass movements. The drain theory thus laid the seeds for subsequent nationalism to flower and mature.
By: Shri. Ankush Sharma ProfileResourcesReport error
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