In which book did, Dadabhai Nauroji presents his ‘Drain of wealth theory’
Q. In which book did, Dadabhai Nauroji presents his ‘Drain of wealth theory’?
(a) Poverty and un-British rule in India
(b) Economic problems of India ‘
(c) British Rule and its consequences
(d) None of these
Ans: (a) Poverty and un-British rule in India
Explanation: The book in which Dadabhai Naoroji presents his ‘Drain of wealth theory’ is (a) “Poverty and un-British rule in India”.
Dadabhai Naoroji, an Indian political leader and social reformer, published the book “Poverty and un-British rule in India” in 1901. In this book, he presented his influential theory of the “Drain of wealth” from India to Britain.
Naoroji argued that British colonial rule in India led to the systematic exploitation and economic drain of resources from India to Britain. He highlighted various mechanisms through which wealth was transferred, including the colonial economic policies, taxation, and unequal trade practices. He estimated that a significant portion of India’s wealth was being siphoned off to support the British economy, resulting in the impoverishment of the Indian population.
Naoroji’s “Drain of wealth theory” was a significant contribution to the discourse on the economic impact of British colonialism in India. It played a crucial role in shaping nationalist sentiments and raising awareness about the economic exploitation faced by the Indian people during the colonial era.
Therefore, the correct answer is (a) “Poverty and un-British rule in India”.