What arguments was / were used by the British to discard the Drain of Wealth from India theory?
1. There was a growth in India’s Foreign Trade both in value and volume
2. There was a great improvement in Revenue Receipts of India
3. The receipts from salt and income taxes had increased
Choose the correct option from the codes given below:

Answer: [B] Only 1

Please note that British discarded the theory just by saying that there was a growth in In India’s Foreign Trade both in value and volume.

This question is a part of GKToday's Integrated IAS General Studies Module