NTA-NET (UGC-NET) History (06) Concepts, Ideas and Terms-Economic Drain Study Material (Page 1 of 1)
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Economic Drain: Impact of the Drain of Wealth- Other Major Works on Drain of Wealth Were
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Introduction
- The economic exploitation of India was the worst feature of British rule in India. The British drained the economic wealth of India systematically through the repressive economic policies.
- Drain was considered as a unilateral transfer of resources from India to Britain without any economic and commercial gain. The drain was in the form of salaries and pensions of British civil-military officials, interest on loan taken by Indian Government, excess export over imports, dividend to the stakeholders etc.
- Major means of the transfer of funds include:
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