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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Dadabhai Naoroji is regarded as one of the most important Indians during the independence movement. He was also a member of the Second International along with Kautsky and Plekhanov.
The drain theory served as a basis for wide protests, and nationalist mobilisation against the British rule. Here are the significant extracts taken from his speech delivered before the East India Association on 2 May regarding what educated Indians expect from their British rulers.
Masani, Dadabhai Naoroji His granddaughters Perin and Khrushedben were also involved in the freedom struggle. The difficulties thrown in the way of according to dadabhaii natives such reasonable share and voice in the administration of the country ad they are able to naorlji, are creating some uneasiness and distrust. It was also important to examine British and Indian trade to prevent the end of budding industries due to unfair valuing of goods and services. Retrieved 2 December — via British Newspaper Archive.
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. Just as in the case of civil servants, the remittances of a proportion of salaries, incomes and savings by British military personnel and the payment in sterling by the government of India of pensions and other allowances to the army officers, constituted an item of drain.
Thirdly, India pays for Britain’s civil administrations and occupational army. Hinnells 28 April Vijayaraghavachariar Khan Das M. He was married to Gulbai at the age of eleven.
Dadabhai Naoroji and his Drain of Wealth Theory | My India
InKhurshedben was arrested along with other revolutionaries for attempting to hoist the Indian flag in a Government College in Ahmedabad. Wikipedia articles incorporating a citation from the Encyclopaedia Britannica with Wikisource reference CS1 maint: The third item was the remittances made in sterling of interest on loans for construction and maintenance of public works such as railways, irrigation works, etc.
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 explained that Indians were either British subjects or British slaves, depending on how willing Britain was to give India the institutions that Britain already operated.
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.
Dadabhai Naoroji’s work focused on the drain of wealth from India to England during colonial rule of British in India. The Political Thought of Dadabhai Naoroji. Naoroji moved to Britain once again and continued his political involvement.
Metcalf and Metcalf, Concise History of India. Cotton Gokhale Naoroji R. From Wikipedia, the free encyclopedia. Today the Dadabhai Naoroji Roada heritage road of Mumbai, is named after him.
Dadabhai Naoroji – Wikipedia
There is no place for them in their motherland. Later, he became professor of Gujarati at University College London. He had a very clear vision and was an effective communicator. All [the Europeans] effectually do is to eat the substance of India, material dadavhai moral, while living there, and when they go, they carry away all they have acquired. Inhe also founded dadabbai Gujarati fortnightly publication, the Rast Goftar or The Truth Tellerto clarify Zoroastrian concepts and promote Parsi social reforms.
Over time, Naoroji became more extreme in gheory comments as he began to lose patience with Britain. Naoroji emphasised three types of drain. Within three years, he had resigned on ethical grounds.
Drain Theory: What do you mean by Drain Theory?
Such is really the feeling here. By giving these institutions to India it would allow India to govern itself and as a result the revenue would stay in India.
Life Sketch and Contribution to Indian Economy. The universities are sending out hundreds and will soon begin to send out thousands of educated natives. By presenting himself as an Imperial citizen he was able to use rhetoric to show the benefit to Britain that an ease of financial burden on India would have. Elected to the British House of Commons as a result of the electionhe served darin InNaoroji was again elected president of the Indian National Congress.
It was observed that a poor country like India was made to subsidise the imperial defence. InNaoroji directed the launch the London Indian Society, the purpose of which was to discuss Indian political, social and literary subjects.