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DRAIN OF WEALTH

By: Shekhar Srivastava

Page 1, Drain of wealth, happened during the British period but nowadays, it maybe possible again.

 

During the British period, when British invaded and ruled India, there was a decrease in the wealth of India, India became poorer and poorer. During the British period, a new idea came to them. British companies thought to introduce new goods in India which will be cheaper than the Indian goods. This will be a great idea to decrease Indian economy and as well as increase their economy. This worked.

Indians preferred to buy British goods which were cheaper than the Indian goods. This led to the decrease in Indian economy. At that time, Indians had no machinery to reduce their time. They worked with their hands which took more time and no proper finishing was given to the stuffs. This was also the reason that why Indian people preferred the British goods more.

They had no proper idea that what will happen in the future. Soon, the economy of India began to flow in Britain. India became poorer and poorer.

Due to this, India was burdened by the British and it was easy for British to capture India. And so, during that time, when India was ahead of everyone in the field of economy now is legging behind.

The same is happening nowadays. The Chinese goods are being sold at fewer rates and everyone is buying those goods rather than buying Indian goods. This may lead to poverty in India.  It may be easy for China to control India in future.

The people do not understand its effects and to what will it lead. We must wake up before it is too late.

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