Which pioneering nationalist economist and moderate leader calculated India's per capita income during the nineteenth century and formulated the 'Drain of Wealth' thesis in his paper 'England's Debt to India'?

💡 Solution & Explanation

Dadabhai Naoroji, known as the Grand Old Man of India, systematically quantified the continuous economic drain of capital and resources from India to Britain without economic return, presenting his findings to the East India Association in 1867. Romesh Chunder Dutt subsequently authored 'Economic History of India'. Both figures laid the intellectual foundation for nationalist economic critique.