THE name of Dadabhai Naoroji has been associated in the minds of. Indians students of economics with the controversial ‘Drain Theory’: Dadabhai spoke and . Dadabhai Naoroji and the Drain Theory [B.N. Ganguli] on *FREE* shipping on qualifying offers. The Drain of Wealth theory was systemically initiated by Dadabhai Naoroji in and further analysed and developed by R.P. Dutt, M.G Ranade etc. The ” drain.
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In this above quotation he explains his theory in which the British used India as a drain of wealth. This page was last edited on 29 Decemberat Life Sketch and Contribution to Indian Economy.
Later, he became professor of Gujarati at University College London. Views Read Edit View history. He had a very clear vision and was an effective communicator. Retrieved 9 December Further development was checked by the frequent invasions of India by, and the subsequent continuous rule of, foreigners of entirely different character and genius, who, not having any sympathy with the indigenous literature — on the contrary, having much fanatical antipathy to the religion of the Hindus — prevented its further growth.
Fifthly, opening the country to free trade was actually a way to exploit India by offering highly paid jobs to foreign personnel. The essence of the drain theory is that the unilateral transfers that India was compelled to make to Britain systematically stripped the country of resources and thus perpetuated poverty.
His granddaughters Perin and Khrushedben were also involved in the freedom struggle. Naoroji moved to Britain once again and continued his political involvement. Naoroji was a staunch moderate within the Congress, during the phase when opinion in the party was split between the moderates and extremists. Naoroji described this as vampirism, with money being a metaphor for blood, which humanised India and attempted to show Britain’s actions as monstrous in an attempt to garner sympathy for the nationalist movement.
Dadabhai Naoroji and his Drain of Wealth Theory | My India
Such is really the feeling here. These, together with the payment in sterling by the government of India of the pensions and allowances of British officials, constituted a heavy burden on the resources of India.
Naoroji published Poverty and un-British Rule in India in Nijalingappa — Jagjivan Ram — S. The difficulties thrown in the way of according to the natives such reasonable share and voice in the administration of the country ad they are able to take, are creating some uneasiness and distrust. He argued that by allowing the money earned in India to stay in India, tributes would be willingly and easily paid without fear of poverty; he argued that this could be done by giving equal employment opportunities to Indian professionals who consistently took jobs they were over-qualified for.
Indians in the Late Victorian Empire Durham.
Drain Theory: What do you mean by Drain Theory?
He was also a member of the Second International along with Kautsky and Plekhanov. InKhurshedben was arrested along with other revolutionaries for attempting to hoist the Indian flag in a Government College in Ahmedabad.
When referring to the Drain, Naoroji stated that he believed some tribute was necessary as payment for the services that England brought to India such as the railways. Dadabhai Naoroji and the Drain Theory. Retrieved 13 December Naoroji showed how the ideologies of Britain conflicted when asking them if they would allow French youth to occupy all the lucrative posts in England.
Thirdly, India pays for Britain’s civil administrations and occupational army. Being an Athornan ordained priestNaoroji founded the Rahnumae Mazdayasne Sabha Guides on the Mazdayasne Path on 1 August to restore the Zoroastrian religion to its original purity and simplicity.
Retrieved 19 May He died in Bombay on 30 Juneat the age of nairoji MP for Finsbury Central — Furthermore, the East India Company was purchasing Indian goods with money drained from India to export to Britain, which was a way that the opening up of free trade allowed India to be exploited.
PfNaoroji directed the launch the London Indian Society, the purpose of which was to discuss Indian political, social and literary subjects.
Priest-hood, first for power and afterwards from ignorance, completed the mischief, as has happened in all other countries. Firstly, India is governed by a foreign government. In drian, Naoroji was again elected president of the Indian National Congress.
Mahatma Gandhi wrote to Naoroji in a letter of that “The Indians look up to you as children to the father. Secondly, India does not attract immigrants which bring labour and capital for economic growth.