What is the concept of Drain of Wealth?

What is the concept of Drain of Wealth?

Drain of Wealth, primarily from India to Britain during colonial rule, refers to the uncompensated transfer of resources, wealth, and capital, hindering economic development in the drained nation. This involved taxes, trade surpluses, and salaries remitted to Britain.

Why It Matters

This fact belongs to the history category and contributes to expanding general knowledge. Understanding such facts not only makes you smarter but also helps connect ideas across different fields.

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