Question

What do you understand by the drain of Indian wealth during the colonial period?

Solution

The drain of Indian wealth during colonial period : The drain of Indian wealth during colonial period means using export surplus as payments for expense incurred by an office set up by the colonial government in Britain, expenses on war fought by the British Government and the import of invisible items.

Some More Questions From Indian Economy on The Eve of Independence Chapter

Define occupational structure.

What is productivity in agriculture?

Name the economists who estimated India's per capita incom eduring the colonial period?

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Indian Economy On The Eve Of Independence

What do you understand by the drain of Indian wealth during the colonial period?

Some More Questions From Indian Economy on The Eve of Independence Chapter

Define occupational structure.

What is productivity in agriculture?

Name the economists who estimated India's per capita incom eduring the colonial period?

What is meant by infant mortality rate?

What is life expectancy?

What was the state of secondary sector of the Indian economy on the eve of independence?

What was the state of tertiary sector of the Indian economy on the eve of independence?

What was two fold motive behind systematic de-industrialisation effected by British in pre-independence India?

When did India achieve independence?

What was the purpose of the British colonial rule in India?

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