/F2 56 0 R /CS /DeviceRGB
27 0 obj 953 0 R 954 0 R 955 0 R 956 0 R 957 0 R 958 0 R 959 0 R] The constant flow of national wealth from India to England for which India did not get an adequate economic, commercial or material return has been described by Indian national leaders and economists as ‘drain’ of wealth from India.
>> /F5 72 0 R The aim was clear: “India must be bled”, as Lord Salisbury, the Secretary of State for India acknowledged it himself. /Parent 2 0 R Brain drain can be classified into three forms. /Group << To support this argument, Asim K. Karmakar explains that such influence Britain had over India was “far from serving as an engine of economic expansion, of technological progress, and social change, the capitalist order in these countries has represented a framework for economic stagnation, for archaic technology, and social backwardness.” In light of Karmakar’s argument, the above-mentioned critique seems irrelevant. /Footnote /Note
/F3 57 0 R Before this period, particularly the elite sections of Indian society had positive perception and assumed British rule as development actor in India.
endobj प्रशांत महासागर की धाराएँ – Pacific Ocean Currents in Hindi, For PDF Join Our Telegram Channel, Click Here. Additionally, the foreign capital for the construction has been put under a huge burden of interest rates which caught India in an already mentioned vicious circle.
This theory tells about how India was completely being drained by British. Former in terms revenue collection, agricultural production, the issue of economic drain theory first highlighted by Alexandor Dow, a military personnel of the East India Company, who spent twenty years in Bengal and wrote an economic conditions of Bengal. Historian writes that between 1601 AD and 1612 AD cargo worth 200,540 pound were carried in 9 East India voyages of which 69 per cent consisted of bullion. >> /Type /Group >> /Resources << /F3 57 0 R << /Parent 2 0 R To put it in the words of R. C. Dutt, “taxation raised by a king, says the Indian poet, is like the moisture of the earth sucked up by the sun, to be returned to the earth as fertilizing rain; but the moisture raised from the Indian soil now descends as fertilizing rain largely on other lands, not on India.” The drain of wealth severely crippled economic prospects and development in India for numerous decades. Naoroji was born in Navsari into a Gujarati-speaking Parsi family, and educated at the Elphinstone Institute School. Dutt argued that after the East India Company acquired power the drastic measures were put in place, the aim of which was to exploit Indian agricultural, industrial and commercial revenues for Britain’s own needs rather than to invest in the development of India. 280 0 R 281 0 R 282 0 R 988 0 R 302 0 R 989 0 R 316 0 R 317 0 R 318 0 R 990 0 R /Contents 226 0 R /F1 55 0 R Dadabhai Naoroji’s theory of the Drain of Wealth Image Source : Google. 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R 349 0 R 350 0 R /Annots [119 0 R 120 0 R 121 0 R 122 0 R 123 0 R 124 0 R 125 0 R 126 0 R 127 0 R 128 0 R /Tabs /S Drain of wealth. ज्ञातव्य है कि दादाभाई नौरोजी उन पहले नेताओं में से थे जिन्होंने देश की राष्ट्रीय चेतना को आंदोलित किया. << /Contents 260 0 R /F2 56 0 R They argue that the drain theorists did not take into account the invisible gains from mutual trade, as well as considerably low interests on foreign capital.
>> /Group << >> /MediaBox [0 0 612 792] These goods were then exported to Europe for sale. >>
/ProcSet [/PDF /Text /ImageB /ImageC /ImageI] 938 0 R 939 0 R 940 0 R 941 0 R 942 0 R] >> /Tabs /S /S /Transparency /F1 55 0 R /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] /Contents 80 0 R /Nums [0 [272 0 R 273 0 R 273 0 R 273 0 R 274 0 R 275 0 R 276 0 R 277 0 R 278 0 R 278 0 R endobj The first form is “Primary External Brain Drain”, it happens when high-level educated workers leave their countries to go and work in the developed countries. /Tabs /S
15 0 obj /Contents 265 0 R /GS38 60 0 R /Resources << /Filter /FlateDecode /ColorSpace /DeviceRGB
/ProcSet [/PDF /Text /ImageB /ImageC /ImageI] 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R]
/F2 56 0 R 22 0 obj /ParentTreeNextKey 205 /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] Consequently, due to high taxation, interest rates, and exploitation of profits the external drain of wealth as possible; Naoroji thus explains the economic drain as an external-cum-internal process, in which one was dependent upon the other. /F1 55 0 R 970 0 R 971 0 R 972 0 R 973 0 R 974 0 R] >> भूमि पर दबाव बढ़ता गया और भूमिहीन कृषि मजदूरों की संख्या बढ़ती चलती गई.
With Kal Penn, Joe Caravella, Gui Cavalcanti, Amy Elliott. 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R
/F6 109 0 R /Contents 70 0 R /F6 44 0 R Further we can see the drain in to two major aspects- internal and external. >> 12 0 obj The theory of 'drain of wealth' was put forward by Dadabhai Naoroji during the colonial rule of British in 1867. /Type /Page endobj /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] /CS /DeviceRGB /F1 55 0 R /F3 57 0 R /F5 72 0 R /S /Transparency >> /F1 55 0 R Under the term internal drain, Naoroji understands the relocation of resources within India: from poor regions to the rich ones, from impoverished people to those on the other side of the spectrum, and from rural areas to the city. /Parent 2 0 R /GS39 61 0 R /CA 1
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