The Economic Drain Theory: Explaining Bipan Chandra’s Key Concept in a Simple Chart
Why “Drain of Wealth” Alone Isn’t Enough to Know Ask most aspirants what the Drain of Wealth theory means, and you’ll get a reasonably confident general answer: colonial rule extracted wealth from India to Britain. That’s correct as far as it goes, but it’s also exactly the kind of surface-level familiarity that falls apart the…