Who of the following was/were economic critic/critics of colonialism i

Who of the following was/were economic critic/critics of colonialism in India?

  • 1. Dadabhai Naoroji
  • 2. G. Subramania Iyer
  • 3. R. C. Dutt

Select the correct answer using the code given below.

1 only
1 and 2 only
2 and 3 only
1, 2 and 3
This question was previously asked in
UPSC IAS – 2015
All three individuals listed – Dadabhai Naoroji, G. Subramania Iyer, and R. C. Dutt – were prominent economic critics of British colonialism in India.
These figures belonged to the early nationalist phase and extensively analyzed and critiqued the economic impact of British rule. They argued that British policies were designed to extract wealth from India (the “drain of wealth”) and were responsible for India’s poverty and deindustrialization.
Dadabhai Naoroji is famous for propounding the ‘Drain Theory’. R. C. Dutt authored “The Economic History of India under Early British Rule”, a detailed critique of British economic policies. G. Subramania Iyer, a founder of ‘The Hindu’, also wrote extensively on the economic plight of India under British rule. Their work laid the intellectual foundation for economic nationalism and influenced subsequent generations of Indian leaders.