Dadabhai Naoroji offered a scathing criticism of the economic impact of British rule through his book entitled ‘__________’.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Poverty and Un-British Rule in India.
Published in 1901 the Poverty and Un-British Rule in India. The author of this book, Dadabhai Naoroji, emphasized how British economic policies used income taken from India to fund British companies. The 'Drain of Wealth' is the name given to this hypothesis in popular culture.
Naoroji emphasized three different types of drains.
The first and most important condition was that civil and military workers of British descent, as well as professionals such as attorneys and doctors, were expected to send a share of their salaries, revenues, and savings to England.
These stretched India's resources, as did the Indian government's pension and allowance payments in sterling to British diplomats.
The second item on the agenda was the military's budget. Similar to what happened with civil servants, the Indian government's payment of pensions and other benefits to army commanders in sterling, as well as the remittance of a portion of salary, earnings, and savings by British military personnel, represented a drain.
The third group was Interest on loans made in sterling for the purpose of constructing and maintaining public infrastructure, such as railroads, irrigation systems, and other such projects, which fell into the third category.