Prepare a note on Drain Theory.

1.	Prepare a note on Drain Theory.
Answer» The financial exploitation of British created hatred among the Indians. Dadabhai Naoroji published the facts on the deterioration of Indian economy under British rule. He established the fact that a huge amount of money was flowing to the British every year. He proved that the drain of wealth was the root cause of poverty and starvation in India. His findings were known as ‘Drain Theory.’ The sources of drain of wealth from India to British were of different types. Export of Indian raw materials. Pension and salary given for British employees. Profit gained after selling British products. Tax collected from India. The drain of wealth to foreign countries was just a part of exploitation in India. The British used the methods of heavy taxes, unfavorable marketing etc. They gained more through these means.

Answer»

The financial exploitation of British created hatred among the Indians. Dadabhai Naoroji published the facts on the deterioration of Indian economy under British rule. He established the fact that a huge amount of money was flowing to the British every year. He proved that the drain of wealth was the root cause of poverty and starvation in India. His findings were known as ‘Drain Theory.’

The sources of drain of wealth from India to British were of different types.

Export of Indian raw materials.
Pension and salary given for British employees.
Profit gained after selling British products.
Tax collected from India.

The drain of wealth to foreign countries was just a part of exploitation in India. The British used the methods of heavy taxes, unfavorable marketing etc. They gained more through these means.

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