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| Format: | Recurso digital |
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Zenodo
2025
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| Online Access: | https://doi.org/10.5281/zenodo.17610382 |
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Table of Contents:
- <p><strong>In this paper, a case study on the Drain of Wealth theory has been taken to show that the British rule in India (1757-1947) was actually a systematic and planned extraction of economic resources and not an accidental imbalance. The study reflects the arguments of Dadabhai Naoroji and R.C. Dutt and examines three fundamental processes of the drain, which were exploitative land revenue systems, policies of deindustrialization in the form of trade, and institutionalized transfer of Indian revenue to Britain through the institution of the Home Charges. The paper also reveals how these processes became more severe in the two World Wars, worsening the state of poverty, repetitive famines, shrinking industries, and underdevelopment in the long term. Locating the theory in the context of postcolonial and dependency, the study draws attention to the fact that the theory is relevant to the global patterns of inequality as well. Finally, the paper concludes by stating that the colonial economic system caused permanent derailments in the development path of India, the manifestations of which persisted even after independence.</strong></p>