The 'Drain of Wealth' theory, which highlighted the economic exploitation of India under British rule, was prominently advocated by whom?​

Correct option is A

S. Ans. (A) Dadabhai Naoroji

Sol.

• The 'Drain of Wealth' theory was prominently advocated by Dadabhai Naoroji, a prominent Indian nationalist and one of the key leaders of the early Indian independence movement.
• Naoroji highlighted how the British colonial rule drained India's resources through excessive taxation, the exploitation of raw materials, and the extraction of wealth from India to Britain.
• His most notable work on this theory was his book titled "Poverty and Un-British Rule in India", where he emphasized that the economic exploitation of India led to its poverty and stagnation.

The correct answer is (A) Dadabhai Naoroji.

Information Booster:

• Dadabhai Naoroji is often referred to as the "Grand Old Man of India" for his contribution to the Indian independence movement.
• The Drain of Wealth theory pointed out that a large portion of India’s wealth was being transferred to Britain through the British colonial policies.
• Naoroji was one of the first to use economic arguments to explain why India was underdeveloped during British rule.
• Bipin Chandra Pal, Gopal Krishna Gokhale, and Lala Lajpat Rai were also prominent leaders in India's freedom struggle, but they did not advocate the Drain of Wealth theory as Naoroji did.