Which statement best explains the economic critique of colonialism by early nationalists?
- ((a))
They demanded immediate Swaraj.
- ((b))
They promoted armed resistance against the British.
- ((c))
They highlighted how British rule drained India’s wealth.
- ((d))
They rejected Western education completely
Show Answer
They highlighted how British rule drained India’s wealth.
The correct answer is They highlighted how British rule drained India's wealth.

Key Points
- Early Indian nationalists, like Dadabhai Naoroji, R.C. Dutt, and others, critically analyzed British economic policies, focusing on the concept of the economic drain theory.
- The economic drain theory argued that the British systematically exploited India's resources, transferring wealth to Britain at India's expense, leaving the Indian economy impoverished.
- Dadabhai Naoroji's book, "Poverty and Un-British Rule in India," was a key work that elaborated on how colonial policies drained India's wealth.
- Nationalists highlighted exploitative practices such as heavy taxation, unfair trade practices, and the use of Indian revenues to pay for British administrative and military expenses in India and elsewhere.
- This critique of colonialism laid the foundation for a growing sense of economic nationalism, eventually contributing to demands for self-rule and economic independence.

Additional Information
- Economic Critique:
- The economic critique of colonialism focused on India's declining industries, deindustrialization, and increasing poverty under British rule.
- Nationalists emphasized that British policies prioritized the interests of British manufacturers and traders at the expense of Indian producers and workers.
- This critique became a powerful tool to mobilize public opinion against British rule and advocate for economic policies that benefited Indians.