THE name of Dadabhai Naoroji has been associated in the minds of. Indians students of economics with the controversial ‘Drain Theory’: Dadabhai spoke and . Dadabhai Naoroji and the Drain Theory [B.N. Ganguli] on *FREE* shipping on qualifying offers. The Drain of Wealth theory was systemically initiated by Dadabhai Naoroji in and further analysed and developed by R.P. Dutt, M.G Ranade etc. The ” drain.
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Retrieved from ” https: When elected to Parliament by a narrow margin of 5 votes his first speech was about questioning Britain’s role in India.
Indians in the Late Victorian Empire Durham. He argued that by allowing the money earned in India to stay in India, tributes would be willingly and easily paid without fear of poverty; he argued that this could be done by giving equal employment opportunities to Indian professionals who consistently took jobs they were over-qualified for.
Dadabhai Naoroji and the Drain Theory. This Association soon won the support of eminent Englishmen and was able to exercise considerable influence in the British Parliament. What must be the inevitable consequence? Being an Athornan ordained priestNaoroji founded the Rahnumae Mazdayasne Sabha Guides on the Mazdayasne Path on 1 August to restore the Zoroastrian religion to its original purity and simplicity.
Naoroji showed how the ideologies of Britain conflicted when asking them if they would allow French youth to occupy all the lucrative posts in England.
India was paying tribute for something that was not bringing profit to the country directly. This type of drain was experienced in different ways as well, for instance, British workers earning wages that were not equal with the work that they have done in India, or trade that undervalued India’s goods and overvalued outside goods.
It was also important to examine British and Indian trade to prevent the end of budding industries due to unfair valuing of goods and services. He was also a notable Freemason. Further development was checked by the frequent invasions of India by, and the subsequent continuous rule of, foreigners of entirely different character and genius, who, not having any sympathy with the indigenous literature — on the contrary, having much fanatical antipathy to the religion of the Hindus — prevented its further growth.
The thousands [of Indians] that are being sent out by the universities every year find themselves in a most anomalous position. Retrieved 1 June India Post dedicated stamps to Naoroji inand Here are the significant extracts taken from his speech delivered before the East India Association on 2 May regarding what educated Indians expect from their British rulers.
He was married to Gulbai at the age of eleven. By giving these institutions to India it would allow India to govern itself and as a result the revenue would stay in India.
If we twenty eight crore of Indians were entitled to send only one member to the British parliament, there is no doubt that we would gheory elected Dadabhai Naoroji unanimously to grace that post.
Life Sketch and Contribution to Indian Economy. The second item was military expenditure. Secondly, India does not attract immigrants which bring labour and capital for economic growth. Bal Gangadhar Tilak admired him; he said:.
The Association was instrumental in counter-acting the propaganda by the Ethnological Society of London which, in its session inhad tried to prove the inferiority of the Asians to the Europeans. Naoroji moved to Britain once again and continued his political involvement.
Furthermore, the East India Company was purchasing Indian goods with thfory drained from India to export to Britain, which was a way that the opening theorry of free trade allowed India to be exploited. In his writings, he considered that the foreign intervention into India was clearly not favourable for the country.
William Frederick Barton Massey-Mainwaring. Views Read Edit View history. Dadabhai Naoroji is regarded as one of the most important Indians during the independence movement.
The third item was the remittances made in sterling of interest on loans for construction and maintenance of public works such as railways, irrigation works, etc. Bhownaggree,” Media History 15 Fall— A prominent residential colony for central government servants in the south of Delhi is also named Naoroji Nagar. Fourthly, India bears the burden of empire building in and out of its borders. President of the Indian National Congress Inhe also founded a Gujarati fortnightly publication, the Rast Goftar or The Truth Tellerto clarify Zoroastrian concepts and promote Parsi social reforms.
The difficulties thrown in the way of according to the natives such reasonable share and voice in the administration of the country ad they are able to take, are gheory some uneasiness and distrust. Hinnells 28 April However the money from these services were being drained out of India; for instance the money being earned by the railways did not belong to India, which supported his assessment that India was giving too much to Britain. Indian labour would be more likely to spend their income within India preventing one aspect of the drain.
Drain Theory: What do you mean by Drain Theory?
This body naturally increases in influence Instead of paying off foreign investment sadabhai other countries did, India was paying for services rendered despite the operation of the railway being already profitable for Britain. The Journal of Asian Studies. He set forth his views about the situation in India over the course of history of the governance of the country and the way in which the colonial rulers rules. InKhurshedben was arrested along with other revolutionaries for attempting to hoist the Indian flag in a Government College in Ahmedabad.
Hume and Dinshaw Edulji Wacha.