Take Class 12 Tuition from the Best Tutors
Affordable fees 1-1 or Group class Flexible Timings Verified Tutors Search in
Asked by Neeta Last Modified
Answer 
The drain of wealth theory was propounded by Dadabhai Naoroji in the 19th century.
•During the colonial period the British exploited the Indian resources and their prime motive to conquer India was that they could make it a source of cheap raw materials for their own industries.
•Large export surplus was generated by India's foreign trade but it benefitted Britain more than it did India.
•The income of Indians was spent on expensive imports of finished goods from Britain, which made Britain richer at the expense of India.
•The Indians were employed in the British army at low salaries.
•The expenses of War and administration incurred by the British government to manage their Colonial rule in India were drawn from the revenue collected from India.
read less
Mandakini Singh
Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..
The drain of wealth means that the main motive of economic policies in India was to snatch maximum benefits from India’s trade. ● Foreign trade of India during the colonial period generated a surplus export due to the excess exports. ● However, this surplus export did not flow any silver or gold into India.
read less
The drain of India's well during the colonial period is all about extracting of raw material from India to the industrial of Britishers companies where they convert the raw material into finished good and sell them in the market and taking out the money from Indian economy by selling their products at higher prices.
read lessView 1 more Answers
Related Questions
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Recommended Articles
Meet Urmila, an MBBS tutor from Bangalore
Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition. Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...
Read full article >
Meet Mohammad Wazid, a skilled trainer for...
Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...
Read full article >
Meet Swati, a Hindi Tutor from Bangalore
Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...
Read full article >
Meet Sandhya R, a B.Sc tutor from Bangalore
Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...
Read full article >
Looking for Class 12 Tuition ?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near youThe best tutors for Class 12 Tuition Classes are on UrbanPro
The best Tutors for Class 12 Tuition Classes are on UrbanPro
8
