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.
|Published (Last):||22 August 2013|
|PDF File Size:||8.1 Mb|
|ePub File Size:||15.9 Mb|
|Price:||Free* [*Free Regsitration Required]|
MP for Finsbury Central — Naoorji thousands [of Indians] that are being sent out by the universities every year find themselves in a most anomalous position.
Firstly, India is governed by a foreign government. 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. 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.
Retrieved 1 June Nijalingappa — Jagjivan Ram — S.
The drain theory served as a basis for wide protests, and nationalist mobilisation against the British rule. New Delhi Mittal Publications. In his political campaign and duties as an MP, he was assisted by Muhammed Ali Jinnahthe future Muslim nationalist and founder of Pakistan.
Indians in the Late Victorian Empire Durham. Wikipedia articles incorporating a citation from the Encyclopaedia Britannica with Wikisource reference CS1 maint: Secondly, India does not attract immigrants which bring labour and capital for economic growth.
Being an Athornan ordained priestNaoroji founded the Rahnumae Mazdayasne Sabha Guides nsoroji the Mazdayasne Path on 1 August to restore the Zoroastrian religion to its original purity and simplicity.
Drain Theory: What do you mean by Drain Theory?
Retrieved 19 May Later, he became professor of Gujarati at University College London. However the money from these services were being drained out of India; for instance the money being earned by the hheory did not belong to India, which supported his assessment that India was giving too much to Britain. InNaoroji was again elected president of the Indian National Congress. Life Sketch and Contribution to Indian Economy.
Dadabhai Naoroji and His Drain of Wealth Theory
It was observed that a poor country like India was made to subsidise the imperial defence. In his writings, he considered that the foreign intervention into India was dadahhai not favourable for the country.
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. 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.
Wikimedia Commons has media related to Dadabhai Naoroji. Indian labour would be more likely to spend their income within India preventing one aspect of the drain.
Retrieved 13 December Retrieved 2 December — via British Newspaper Archive. Wikiquote has quotations related to: Instead of paying off foreign investment which other countries did, India was paying for services rendered despite the operation of the railway being already profitable for Britain.
Dadabhai Naoroji – Wikipedia
Bal Gangadhar Tilak admired him; he said:. This page was last edited on 29 Decemberat naoroui 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 nairoji colonial rulers rules. Fifthly, opening the country to free trade was actually a way to exploit India by offering highly paid jobs to foreign personnel. He was also a member of the Indian National Association founded by Sir Surendranath Banerjee from Calcutta a few years before the founding of the Indian National Congress in Bombay, with the same objectives and practices.
He was also drani member of the Second International along with Kautsky and Plekhanov. 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.