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 1 June Naoroji described this as vampirism, with money being a metaphor for blood, which humanised India and attempted to show Britain’s actions as monstrous in an attempt to garner sympathy for the nationalist movement. Dadabhai Naoroji and the Drain Theory. What must be the inevitable consequence? 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.
From Wikipedia, the free encyclopedia. Dadabhai Naoroji 4 September — 30 Juneknown as the Grand Old Man of Indiawas a Parsi intellectual, educator, cotton trader, and an early Indian political and social leader.
This was shown in his comments which became increasingly aggressive. 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. In other projects Wikimedia Commons Wikiquote Wikisource.
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 Naoriji goods and overvalued outside goods.
InNaoroji was again elected president of the Indian National Congress. Dwdabhai contributions to the theory were also made by R. 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.
Drain Theory: What do you mean by Drain Theory?
These, together with the payment in sterling by the government of India of the pensions and allowances of British officials, constituted a heavy burden on the resources of India. First, the most important item was the remittance to England of a proportion of salaries, incomes, and saving by civil, military employees of the British origin, as well as by professionals such as lawyers and doctors.
Naoroji explained that Indians were either British subjects or British slaves, depending on how willing Britain was to give India the institutions that Britain already operated. 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.
Retrieved 2 December — via British Newspaper Archive. MP for Finsbury Central — Masani, Dadabhai Naoroji 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. Gandhi Rao Pawar S. This page was last edited on 29 Decemberat All [the Europeans] effectually do is to eat the substance of India, material and moral, while living there, and when they go, they carry away all they have acquired.
Thirdly, India pays for Britain’s civil administrations and occupational army. Naoroji is also credited with the founding of the Indian National Congressalong with Dadabyai. Today the Dadabhai Naoroji Roada heritage road of Mumbai, is named after him. Hume and Dinshaw Edulji Dadaabhai. Dadabhai Naoroji is regarded as one of the most important Dadabgai during the independence movement.
Drain Theory: What do you mean by Drain Theory?
By giving these institutions to India it would allow India to govern itself and as a result the revenue would stay in India. Wikimedia Commons has media related to Dadabhai Naoroji. Mahatma Gandhi wrote to Naoroji in a letter of that “The Indians look up to you as children to the father.
The thousands [of Indians] that are being sent out by the universities every year find themselves in a most anomalous position.
He was married to Gulbai at the age of eleven. Retrieved 19 May Wikiquote has quotations related to: 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.
Firstly, India is governed by a foreign government. The second item was military expenditure. Metcalf and Metcalf, Concise History of India. He had a very clear vision and was an effective fo.
Dadabhai Naoroji and His Drain of Wealth Theory
Retrieved 9 December 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 creating some uneasiness and distrust. In his political campaign and duties as an MP, he was assisted by Muhammed Ali Jinnahthe future Muslim nationalist and founder of Pakistan.
He died in Bombay on 30 Juneat the age of This commission reviewed financial burdens on India and in some cases came to the conclusion that those burdens were misplaced.