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Charter Act 1813
Acts & Laws
Charter Act 1813
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British Economic Policies and Drain of Wealth Theory
Dadabhai Naoroji's "Drain of Wealth" theory argued that British economic policy systematically extracted India's surplus — through home charges, free trade that deindustrialised Indian textiles, land revenue extraction, and unequal trade terms — transferring wealth that was never returned, impoverishing India while enriching Britain.
Charter Act 1813 — Acts & Laws for UPSC | UPSC.wiki | UPSC.wiki
