Life history and his achievements

1. Presented By:
Mukund Kulkarni
PG16AGR8008
Dept of Agril.Economis

2. INDIAN ECONOMIC THINKER : DADABHAI
NAOROJI

3. DADABHAI NAOROJI IN 1889

4. LIFE HISTORY
 Dadabhai Naoroji Born on 4 September 1825
 Died on 30 June 1917
 Dadabhai Naoroji Born in Mumbai in Gujarati speaking
Parsi Family.
 Educated at the Elphinstone Institute School
 Known as the Grand Old Man of India, was a Parsi
intellectual, educator, cotton trader, and an early Indian
political and social leader.
 He was a Liberal Party member of parliament (MP) in
the United Kingdom House of Commons between 1892
and 1895 and the first Asian to be a British MP.

5. LIFE HISTORY
 He was patronized by Maharaja of Baroda Sayajirao
Gaekwad III and started his public life as the Dewan
(Minister) to the Maharaja in 1874.
 Being an Athornan (ordained priest), Naoroji founded
the Rahnumae Mazdayasne Sabha (Guides on the
Mazdayasne Path) on 1 August 1851 to restore the
Zoroastrian religion to its original purity and simplicity.
 In 1854, he also founded a Gujarati fortnightly
publication, the Rast Goftar (or The Truth Teller), to
clarify Zoroastrian concepts and promote Parsi social
reforms.

6. LIFE HISTORY
 In 1855, he was appointed Professor of Mathematics
and Natural Philosophy at the Elphinstone College in
Bombay, becoming the first Indian to hold such an
academic position.
 He travelled to London in 1855 to become a partner in
Cama & Co, opening a Liverpool location for the first
Indian company to be established in Britain.
 In 1859, he established his own cotton trading company,
Dadabhai Naoroji & Co. Later, he became professor of
Gujarati at University College London.

7. LIFE HISTORY
 Non withstanding the Anglo-Indian MP David
Ochterlony Dyce Sombre who was disfranchised for
corruption.
 Naoroji is also credited with the founding of the Indian
National Congress, along with A.O. Hume and Dinshaw
Edulji Wacha.
 His book Poverty and Un-British Rule in India brought
attention to the draining of India's wealth into Britain.

8. LIFE HISTORY
 In 1874, he became Prime Minister of Baroda and
was a member of the Legislative Council of Mumbai
(1885–88).
 He was also a member of the Indian National
Association founded by Sir Surendranath Banerjee
from Calcutta a few years before the founding of
the Indian National Congress in Bombay, with the
same objectives and practices.
 Naoroji was elected President of the Congress in
1886. Naoroji published Poverty and un-British Rule
in India in 1901.

9. DADABHAI NAOROJI IN 1892

10.  Naoroji moved to Britain once again and continued his
political involvement. Elected for the Liberal Party in
Finsbury Central at the 1892 general election, he was
the first British Indian MP.
 He refused to take the oath on the Bible as he was not a
Christian, but was allowed to take the oath of office in
the name of God on his copy of Khordeh Avesta.
 In Parliament, he spoke on Irish Home Rule and the
condition of the Indian people. In his political campaign
and duties as an MP, he was assisted by Muhammed Ali
Jinnah, the future Muslim nationalist and founder of
Pakistan.

11.  In 1906, Naoroji was again elected president of the
Indian National Congress.
 Naoroji was a mentor to Bal Gangadhar Tilak,
Gopal Krishna Gokhale and Mohandas
Karamchand Gandhi.
 He was married to Gulbai at the age of eleven. He
died in Bombay on 30 June 1917, at the age of 91

12. PRESENTLY WE HAVE
 Today the Dadabhai Naoroji Road, a heritage road
of Mumbai, is named after him.
 Also, the Dadabhai Naoroji Road in Karachi,
Pakistan is also named after him.
 And also Naoroji Street in the Finsbury area of
London.
 A prominent residential colony for central
government servants in the south of Delhi is also
named Naoroji Nagar.

13. NAOROJI'S DRAIN THEORY AND POVERTY
 Dadabhai Naoroji's work focused on the drain of
wealth from India into England through colonial
rule.
 One of the reasons that the Drain theory is
attributed to Naoroji is his decision to estimate the
net national profit of India, and by extension, the
effect that colonization has on the country.
 Through his work with economics, Naoroji sought to
prove that Britain was draining money out of India

14. NAOROJI DESCRIBED 6 FACTORS WHICH
RESULTED IN THE EXTERNAL DRAIN
 India is governed by a foreign government.
 India does not attract immigrants which bring labour and capital
for economic growth.
 India pays for Britain's civil administrations and occupational
army.
 India bears the burden of empire building in and out of its
borders.
 opening the country to free trade was actually a way to exploit
India by offering highly paid jobs to foreign personnel.
 The principal income-earners would buy outside of India or leave
with the money as they were mostly foreign personnel.

15. DRAIN THEORY
 In Naoroji book 'Poverty' he estimated a 200–300
million pounds loss of revenue to Britain that is not
returned.
 Naoroji stated that he believed some tribute was
necessary as payment for the services that England
brought to India such as the railways.
 However the money from these services were
being drained out of India; for instance the money
being earned by the railways did not belong to
India, which supported his assessment that India
was giving too much to Britain.

16. DRAIN THEORY
 India was paying tribute for something that was not
bringing profit to the country directly. Instead of
paying off foreign investment which other countries
did, India was paying for services rendered despite
the operation of the railway being already profitable
for Britain.
 British workers earning wages that were not equal
with the work that they have done in India, or trade
that undervalued India's goods and overvalued
outside goods.

18. DRAIN THEORY
 Englishmen were encouraged to take on high paying
jobs in India, and the British government allowed them
to take a portion of their income back to Britain.
 Furthermore, the East India Company was purchasing
Indian goods with money drained from India to export to
Britain, which was a way that the opening up of free
trade allowed India to be exploited.
 He argued that by allowing the money earned in India to
stay in India, tributes would be willingly and easily paid
without fear of poverty;

19. DRAIN THEORY
 This could be done by giving equal employment
opportunities to Indian professionals who
consistently took jobs they were over-qualified for.
 Indian labour would be more likely to spend their
income within India preventing one aspect of the
drain.
 Naoroji believed that to solve the problem of the
drain it was important to allow India to develop
industries; this would not be possible without the
revenue draining from India into England.

20. DRAIN THEORY
 It was also important to examine British and Indian trade
to prevent the end of budding industries due to unfair
valuing of goods and services.
 By allowing industry to grow in India, tribute could be
paid to Britain in the form of taxation and the increase in
interest for British goods in India.
 Naoroji's work on the drain theory was the main reason
behind the creation of the Royal commission on Indian
Expenditure in 1896 in which he was also a member.
 This commission reviewed financial burdens on India
and in some cases came to the conclusion that those
burdens were misplaced

22. BOOKS BY DADABHAI NAOROJI

23. POVERTY AND UN-BRITISH RULE IN INDIA
The title of the book is Poverty and Un-
British Rule in India, i.e., the present
system of government is destructive and
despotic to the Indians and un-British
and suicidal to Britain. On the other
hand, a truly British course can and will
certainly be vastly beneficent both to
Britain and India

24. POVERTY OF INDIA PAPERS & STAT
This work has been selected by scholars as being
culturally important, and is part of the knowledge base of
civilization as we know it. This work was reproduced from
the original artifact, and remains as true to the original
work as possible. Therefore, you will see the original
copyright references, library stamps (as most of these
works have been housed in our most important libraries
around the world), and other notations in the work.
This work is in the public domain in the United States of
America, and possibly other nations. Within the United
States, you may freely copy and distribute this work, as no
entity (individual or corporate) has a copyright on the body
of the work.
As a reproduction of a historical artifact, this work may
contain missing or blurred pages, poor pictures, errant
marks, etc. Scholars believe, and we concur, that this
work is important enough to be preserved, reproduced,
and made generally available to the public. We appreciate
your support of the preservation process, and thank you
for being an important part of keeping this knowledge
alive and relevant.

25. ESSAYS, SPEECHES, ADDRESSES AND WRITINGS, (ON
INDIAN POLITICS, ) OF THE HON'BLE DADABHAI
NAOROJI
This work has been selected by scholars as being culturally
important, and is part of the knowledge base of civilization
as we know it. This work was reproduced from the original
artifact, and remains as true to the original work as
possible. Therefore, you will see the original copyright
references, library stamps (as most of these works have
been housed in our most important libraries around the
world), and other notations in the work.
This work is in the public domain in the United States of
America, and possibly other nations. Within the United
States, you may freely copy and distribute this work, as no
entity (individual or corporate) has a copyright on the body
of the work.As a reproduction of a historical artifact, this
work may contain missing or blurred pages, poor pictures,
errant marks, etc. Scholars believe, and we concur, that this
work is important enough to be preserved, reproduced, and
made generally available to the public. We appreciate your
support of the preservation process, and thank you for
being an important part of keeping this knowledge alive and
relevant.

26. THANK YOU
Submitted To:
Dr.Jagrathi B Deshmanya
Prof.and Head of the Department
Dept.Agril.Economics