Dadabhai Naoroji’s Drain Theory: Theoretical Foundations, Economic Logic, and Colonial Political Economy in India Introduction Among the earliest and most influential critiques of colonialism in modern Indian political thought is Dadabhai Naoroji’s theory of the “Drain of Wealth.” Developed in the late nineteenth century, the Drain Theory represented a pioneering attempt to explain India’s persistent … Continue reading Analyse the theoretical foundations and economic implications of Dadabhai Naoroji’s Drain Theory in the context of colonial India.