What do you understand by the drain of Indian wealth during the Colonial Period

d.eandeconomicreform
cbse

#1

(i) Economic drain means transfer of wealth from one country to other.
(ii) During the colonial period Indian wealth
was remitted to England. In lieu of this, India received nothing.
(iii) For example, Excess exports were made to
meet the deficit on current account in England but India gained nothing.