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Who of the following was/were economic critic/critics of colonialism in India? 1. Dadabhai Naoroji 2. G. Subramania Iyer 3. R. C. Dutt Select the correct answer using the code given below.
Explanation
Dadabhai Naoroji, known as the 'Grand Old Man of India', was the foremost economic analyst who put forward the theory of economic drain in his work "Poverty and UnBritish Rule in India"[2]. He argued that India had exported an average of 13 million pounds worth of goods to Britain each year from 1835 to 1872 with no corresponding return[3].
G. Subramaniya Iyer was among the other economic analysts[5] who critiqued British colonialism alongside figures like Gokhale and Prithwishchandra Ray. R. C. Dutt (Romesh Chandra Dutt), author of "The Economic History of India", was also identified as a prominent economic analyst[2] of the colonial period.
These early nationalists carefully analysed the political economy of British rule in India and put forward the "drain theory" to explain British exploitation[6]. They argued that nineteenth century colonialism transformed India into a supplier of foodstuffs and raw materials to Britain, a market for British manufacturers, and a field for investment of British capital[5]. All three individuals were therefore economic critics of colonialism in India.
Sources- [1] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 28: Economic Impact of British Rule in India > Nationalist Critique of Colonial Economy > p. 548
- [2] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 28: Economic Impact of British Rule in India > Nationalist Critique of Colonial Economy > p. 548
- [3] History , class XII (Tamilnadu state board 2024 ed.) > Chapter 1: Rise of Nationalism in India > 1.6 Naoroji and his Drain Theory > p. 12
- [4] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 28: Economic Impact of British Rule in India > Nationalist Critique of Colonial Economy > p. 549
- [5] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 28: Economic Impact of British Rule in India > Nationalist Critique of Colonial Economy > p. 549
- [6] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 11: Indian National Congress: Foundation and the Moderate Phase > Economic Critique of British Imperialism > p. 250
PROVENANCE & STUDY PATTERN
Guest previewThis is a 'Sitter' category question. It targets the core intellectual contribution of the Moderate phase, explicitly detailed in every standard Modern History text (Spectrum/Bipin Chandra). Missing this indicates a gap in reading the foundational chapters on the 'Economic Impact of British Rule'.
This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.
- Identifies Naoroji as the foremost early economic analyst among Indian intellectuals.
- Specifies he formulated the 'drain theory' and criticised the colonial economy in Poverty and Un-British Rule in India.
- Describes Naoroji's major contribution: his book Poverty and Un-British Rule in India.
- Explains he developed the 'drain of wealth' argument with quantitative claims about exports to Britain.
- Records a direct, strongly critical statement by Naoroji (1881) characterising British rule as an increasing foreign invasion.
- Shows his explicit attribution of India's poverty and backwardness to British policies.
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