Question

Write a note on economic nationalism with special reference to Indian thinkers.

19 Dec 2024
Answer :
Word Count : 1197

Economic nationalism in the context of the Indian National Movement refers to the idea of building an independent and self-reliant economy, free from colonial exploitation. Indian thinkers during the colonial period highlighted the importance of economic autonomy as an integral part of political independence. Economic nationalism aimed at challenging the British economic policies that drained India’s resources and stifled its growth. It sought to promote domestic industries, protect Indian interests, and use economic policies as a means of fostering national unity and self-determination. 

Economic nationalism can be viewed as a response to the colonial economy that the British had established in India. Under British rule, India’s economic structure was largely shaped to serve the interests of the colonial power. The colonial policies included the extraction of raw materials, the destruction of indigenous industries, and the exploitation of Indian markets to serve British manufacturers. Indian thinkers and leaders such as Dadabhai Naoroji, Bal Gangadhar Tilak, Lala Lajpat Rai, and Subhas Chandra Bose played vital roles in articulating the concept of economic nationalism, which became an important aspect of the Indian freedom struggle.

### Dadabhai Naoroji and the Drain of Wealth Theory

Dadabhai Naoroji, a prominent figure in the Indian National Congress and a pioneering economist, was one of the first to systematically highlight the economic consequences of British colonial rule. In his book *Poverty and Un-British Rule in India* (1901), Naoroji argued that the British were systematically draining wealth from _________ _______ _________ ___ _______ _____ _________ _______ ____ ______ _______ ____.
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