Question

Drain of Wealth 

13 Jul 2023
Answer :
Word Count : 562

The "Drain of Wealth" refers to the economic exploitation and impoverishment of colonies by the colonial powers during the period of European imperialism. This concept was first articulated by the Indian nationalist leader, Dadabhai Naoroji, in his book "Poverty and Un-British Rule in India" in 1901. Naoroji argued that British colonial rule in India resulted in the systematic transfer of wealth from India to Britain, leading to the impoverishment of the Indian people.

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