4

The Economic Drain of India

Introduction

It is indeed a very painful task to assess the ‘economic consequences’ of an alien regime; it is more so with the assessment of the ‘enlightened rulers’ we had in this country for 200 years and who reigned through the length and breadth of this great subcontinent. Even though Britain’s contribution to India’s economic growth is something unquestionable, there is also more than a ‘grain of truth’ in the contention of native economists like Romesh Dutta and C. N. Vakil that Britishers tried to strangle the goose that laid the golden eggs. As a recipient nation, India is grateful to England for whatever she has contributed to our progress, be it in the political area or in the economic sphere or in the ...

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