Question
Drain of Wealth
Answer :
Word Count : 290
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The Drain of Wealth refers to the continuous transfer of India's resources and income to Britain during the colonial period without any adequate economic return. It became one of the central critiques of British rule and was systematically explained by early Indian nationalist economists, particularly Dadabhai Naoroji in his work *Poverty and Un-British Rule in India*. Later, R.C. Dutt and M.G. Ranade further elaborated the concept by linking it to India's growing poverty and economic stagnation. The drain occurred through several channels. A significant portion of India's revenue was used to meet the "Home Charges," which included pensions of retired British officials, interest on public debt raised in Britain, salaries of officials recruited
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