Revolt & Aftermath · 1867–1901
Drain of Wealth Theory
Dadabhai Naoroji argued that Britain drained India's wealth through home charges, salaries and trade. His Poverty and Un-British Rule in India appeared in 1901.
Causes
- Recurring famines
- Rising home charges paid to Britain
Consequences
- Economic critique became central to nationalism
- Influenced later Swadeshi thinking
Significance
Showed that colonial rule was economically exploitative, not benevolent.
People
Key terms
Sources
- Bipan Chandra et al., India's Struggle for Independence (Penguin, 1988)
- Dadabhai Naoroji, Poverty and Un-British Rule in India (1901)