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.
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UPSC Civil Services preparation
- A1 only
- B1 and 2 only
- C2 and 3 only
- D1, 2 and 3Correct
Explanation
All three individuals listed – Dadabhai Naoroji, G. Subramania Iyer, and R. C. Dutt – were prominent economic critics of colonialism in India during the late 19th and early 20th centuries. They meticulously analyzed and exposed the exploitative nature of British economic policies, which they argued were responsible for the impoverishment of India.
1. Dadabhai Naoroji: He is famously known for propounding the 'Drain of Wealth' theory through his book 'Poverty and Un-British Rule in India', arguing how British rule systematically drained India's wealth.
2. G. Subramania Iyer: A prominent journalist and nationalist, he was a vocal critic of the British economic exploitation and advocated for economic self-reliance. He co-founded 'The Hindu' newspaper.
3. R. C. Dutt (Romesh Chunder Dutt): A retired Indian Civil Service (ICS) officer, he authored 'The Economic History of India' (in two volumes), which provided a comprehensive and critical account of the British economic policies and their devastating impact on India's economy.

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