Class 11 Economics - Indian Economic Development - Chapter Indian Economy on the Eve of Independence NCERT Solutions | What do you understand by the drain of I
What do you understand by the drain of Indian wealth during the colonial period?
Dadabhai Naroji advocated the theory of 'Drain of Wealth' in the 19th century. The colonial period was marked by the exploitation of Indian resources. The sole motive of Britain to conquer India was to own a perennial source of cheap raw materials to feed its own industrial base in Britain. Further, British government used India's manpower to spread its colonial base outside India. Also, the administrative expenses that were incurred by the British government to manage the colonial rule in India were borne by Indian Exchequer. Thus, the British rule drained out Indian wealth for the fulfillment of its own interests.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Indian Economy on the Eve of Independence
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Indicate the volume and direction of trade at the time of independence.
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Critically appraise some of the shortfalls of the industrial policy pursued by the British colonial administration.
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When was India’s first official census operation undertaken?
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Name some notable economists who estimated India’s per capita income during the colonial period?
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Name some modern industries which were in operation in our country at the time of independence?
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Highlight the salient features of India’s pre-independence occupational structure.
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What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
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The traditional handicrafts industries were ruined under the British rule. Do you agree with this view? Give reasons in support of your answer.
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