modern-history Medium drain-of-wealth
modern-history-british20-032

Which of the following factors ensured that wealth drained from India was not reinvested in India?
I. Absence of Indian control over finances
II. Foreign ownership of capital
III. Remittance of profits abroad
Select the correct answer.

Solution

All factors contributed to non-reinvestment—foreign control, ownership, and remittances ensured wealth flowed out of India.