Header menu link for other important links
Colonial Deindustrialisation of India: A Review of Drain Theory
Brijesh K Mishra,
Published in SAGE
Volume: 24
Issue: 1
Pages: 37 - 53

While it is quite well accepted that the British rule imposed a heavy cost on India in terms of financial and industrial losses, the economic impact of the Company rule is still far from settled. Rule of the British East India Company (BEIC), and later the crown, has the scholars divided on whether the colonial India suffered a systematic draw down of its economic resources—the so-called drain theory. While the British version underplays or denies such a drain, the nationalists suggest it was a major long-term damage. This article reviews and critiques the economic policies of the British Raj in detail to know whether there was at all a drain of resources out of India and, if yes, to what extent. It was found that while the nationalists exaggerated effects of the drain, their arguments hold significant value. Finally, drain theory is assessed in the backdrop of the theory of unequal exchange.

About the journal
JournalData powered by TypesetSouth Asian Survey
PublisherData powered by TypesetSAGE
Open AccessNo
Concepts (4)
  •  related image
    Political science and international relations
  •  related image
  •  related image
    Planning and development
  •  related image