1. The theory of Economic Drain of India during British Imperialism

The theory of economic drain of India during British Imperialism was propounded by Dadabhai Naoroji. The Economic Drain Theory is the theory of Dadabhai Naoroji that the British rule drained India's wealth and led to poverty and economic collapse. i.e., the economic exploitation of india by British. His book 'Poverty and Un-British Rule' is considered one of the best books on the Indian economy. In this book, he described the theory of Economic Drain of India during British Imperialism. According to this theory, the main reasons for the Indian economic drain are:

1. Paying high salaries to British officials working in India.

2. Collecting raw materials at low prices and selling the products made from them at high prices in the Indian market.

3. Looting Indian wealth for the development of British imperialism.

4. Making indian workers, work like slaves and exporting agricultural and industrial products to Britain.

2. Trusteeship Idea of ​​Mahatma Gandhi

After Dadabhai Naoroji, Mahatma Gandhi made a unique contribution to Indian economics. He gave importance to the rural economy and moral values. Gandhiji is the originator of the idea of ​​Trusteeship. Gandhiji aimed at an economy based on truth and non-violence through Trusteeship.

The main content of Mahatma Gandhi's idea of ​​Trusteeship is the capitalist should renounce his exclusive ownership and declare that he is holding wealth as a trustee of the people. A trustee has no heirs other than the public. The nature of production is determined not by the will or greed of individuals, but by the needs of society. Just as it is suggested to fix a minimum wage that is sufficient for a decent life, there should also be a limit to the maximum wage that can be allowed to any individual in society.