Who of the following was/were economic critic/critics of colonialism in India?
- Dadabhai Naoroji
- Subramania Iyer
- R.C. Dutt
Select the correct answer using the code given below.
Detailed Explanation:
✅ Statement 1 – Correct: Dadabhai Naoroji, the 'Grand Old Man of India', pioneered the 'Drain of Wealth' theory and authored 'Poverty and Un-British Rule in India' (1901), demonstrating how British policies impoverished India.
✅ Statement 2 – Correct: G. Subramania Iyer, co-founder of 'The Hindu', wrote 'Some Economic Aspects of British Rule in India' (1903), criticizing colonial economic exploitation and stagnation.
✅ Statement 3 – Correct: R.C. Dutt, a retired ICS officer, authored 'The Economic History of India' (1902, 1904), documenting the negative impact of British land revenue systems and trade policies.
Question 2 of 2 Drain of Wealth Theory
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