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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The difficulties thrown in the way of according to the natives such reasonable share and voice in the administration of the country ad they are able to take, are creating theroy uneasiness and distrust. India Post dedicated stamps to Naoroji inand Priest-hood, first for power and afterwards from ignorance, completed the mischief, as has happened in all other countries.
Dadabhai Naoroji – Wikipedia
The Political Thought of Dadabhai Naoroji. It was observed that a poor country like India was made to subsidise the imperial defence. The thousands [of Indians] that are being sent out by the universities every year find themselves in drzin most anomalous position. Over dadbhai, Naoroji became more extreme in his comments as he began to lose patience with Britain. 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.
Cotton Gokhale Naoroji R.
Dadabhai Naoroji and His Drain of Wealth Theory
Through his work with economics, Naoroji sought to prove that Britannia was draining money out of India. When elected to Parliament by a narrow margin of 5 votes his first speech was about questioning Britain’s role in India. Nijalingappa — Jagjivan Ram — S.
The essence of the drain theory is that the unilateral transfers that India was compelled to make to Britain systematically stripped the country of resources and thus perpetuated poverty. InNaoroji was again elected president of the Indian National Congress.
He was also a member of the Second International along with Kautsky and Plekhanov. InNaoroji directed the launch the London Indian Society, the purpose of which was to discuss Indian political, social and literary subjects.
Fifthly, opening the country to free trade was actually a way to exploit India by offering highly paid jobs to foreign personnel.
Leave a Reply Click here to cancel reply. 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.
In his writings, he considered that the foreign intervention into India was clearly not favourable for the country. This commission reviewed erain burdens on India and in some cases came to the conclusion that those burdens were misplaced. Naoroji emphasised three types of drain.
Drain Theory: What do you mean by Drain Theory?
Dadabhai Naoroji is regarded as one of the most important Indians during the independence movement. There is no place for them in their motherland. Within three years, he had resigned on ethical grounds. He was also a member of the Indian National Association founded by Sir Surendranath Banerjee from Calcutta a few years before the founding of the Indian National Drrain in Bombay, with the same objectives and practices.
Inhe also founded a Gujarati fortnightly publication, the Rast Goftar or The Truth Tellerto clarify Zoroastrian concepts and promote Parsi social reforms. He died in Bombay on 30 Juneat the age of Retrieved 2 December — via British Newspaper Archive.
This body naturally increases in influence India was paying tribute for something that was not bringing profit to the country directly. The universities are sending out hundreds and will soon begin to send out thousands of educated natives.
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. Today the Dadabhai Naoroji Road hheory, a heritage road of Mumbai, is named after him.
Dadabhai Naoroji’s work focused on the drain of wealth from India to Dadbhai during colonial rule of British in India. Retrieved 1 June 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.