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Forerunners of Dadabhai Naoroji's Drain Theory
Forerunners of Dadabhai Naoroji's Drain Theory
Author(s): J. V. Naik
Source: Economic and Political Weekly , Nov. 24-30, 2001, Vol. 36, No. 46/47 (Nov. 24-30,
2001), pp. 4428-4432
Published by: Economic and Political Weekly
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National Congress officially adopted the 14 BG September 16, 1841, and October 9, 1841, 47 See Dadabhai Naoroji's letter in Memoirs III,
Vol LIII, pp 262 and 334, respectively. op cit, pp 332-33.
drain theory, and thereafter it became a 15 A Hindoo's Letter IV, BG, August 20, 1841,
48 Bipan Chandra, op cit, p 640.
main plank in the organised nationalist Vol LIII, pp 174-75, Emphasis added.
agitation. But the original credit for raising 16 BG, July 7, 1841, Vol LIII, pp 22-23.
the problem of drain so brilliantly as early 17 BG, July 19, 1841, Vol LIII, pp 62-63.
18 K M Munshi (1946): The Ruin that Britain
as 1841 must go to Bhaskar Tarkhadkar Subscription Numbers
Wrought, Bharatiya Vidya Bhavan, Bombay,
and his associates. lU3
1946, p 4.
19 Quoted by Ramkrishna Mukherjee, The Rise Subscribers are requested to
Notes and Fall of the East India Company, Vib Dent note their Subscription Numbers
Scher..., Berlin, 1955, p 236 (Source: Wilson Mentioned on the wrappers and
1 Dadabhai Naoroji, Essays, Speeches and (ed), The History of British India by James
Writings, C L Parekh (ed), Bombay, 1887, pp Mill). quote these numbers when cor-
32-33. 20 K M Munshi, op cit, (15). responding with the circulation
2 See Bipan Chandra, The Rise and Growth of 21 A Hindoo's Letter IV loc cit, (15). department.
Economic Nationalism in India, PPH, New 22 Quoted by Radhakamal Mukherjee, The
Delhi, 1977 reprint, p 637n. Economic History of India, Longmans Green,