Who is/ are associated with the concept of the “Drain of Wealth” theory?

• A. None of these
• B. Dadabhai Naoroji
• C. R.C. Dutt
• D. Both of them

Answer: (D)

In the year 1867, Dadabhai Naoroji propagated that the British rule is draining the wealth of India. In his book “Poverty and Un-British Rule in India” he discussed the matter in detail. R.C. Dutt also supported the concept of the “Drain of Wealth” in his book “Economic History of India”.