Wealth Drain Theory

IE-IFS An Overview of Indian Economy Free JAIIB Capsule 50 views Updated
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IE-IFS · An Overview of Indian Economy
How did the 'wealth drain' occur from India to Britain?
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Unilateral movement of riches via remittances, home charges, and transfers.
Analyzed by Dadabhai Naoroji, R.C. Dutt, and C.N. Vakil. It deeply depleted India's capital.
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Wealth Drain Theory — Full Text

How did the 'wealth drain' occur from India to Britain?

Answer

Unilateral movement of riches via remittances, home charges, and transfers.

Additional notes

Analyzed by Dadabhai Naoroji, R.C. Dutt, and C.N. Vakil. It deeply depleted India's capital.

Part of Indian Economy & Indian Financial System · An Overview of Indian Economy · Last updated

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