Q32
Indian National MovementRise of Nationalism & the Congress
Who among the following put forward the famous Drain Theory?
- a.Dadabhai Naoraoji
- b.Surendranath Banerjea
- c.Gopal Krishna Gokhale
- d.Bal Gangadhar Tilak
Answer: (A) Dadabhai Naoraoji
Dadabhai Naoroji formulated the 'Drain of Wealth' theory in his landmark 1901 work 'Poverty and Un-British Rule in India'. He argued that Britain systematically extracted India's economic surplus through trade and administration, impoverishing the subcontinent. This theory was foundational to early Indian nationalist economics.