Who of the following was/were economic critic/critics of colonialism in India?
- Dadabhai Naoroji.
- G. Subramania Iyer.
- R. C. Dutt.
Select the correct answer using the code
a) 1 only
b) 1 and 2 only
c) 2 and 3 only
d) 1, 2 and 3
Dadabhai Naoroji, R. C. Dutt, Ranade, Gokhale, G. Subramania Iyer, were among those who grounded Indian nationalism firmly on the foundation of anti-imperialism by fashioning the world’s first economic critique of colonialism, before Hobson and Lenin.
The drain theory was established by Dadabhai Naoroji. Increased poverty and lower wages were among the indirect products of colonial rule according to Dutt.
Insights also asked a question on this in March Secure-2015. https://www.insightsonindia.com/2015/03/07/1-which-names-stand-out-among-the-large-number-of-indians-who-initiated-and-carried-out-the-economic-analysis-of-british-rule-during-the-years-1870-1905-analyse-how-they-interpreted-colonialism-and/
Source: Bipan Chandra – Struggle for India’s Independence, Chapter – 7