Name some notable economists who estimated India’s per capita income during the colonial period.

Answer:

Notable Economists who estimated India's Per Capita Income during the colonial Period were:

Dadabhai Naoroji, 

VKRV Rao, 

Wiliam Digby, 

Findlay Shirras, and 

RC Desai.

The ‘Grand Old Man of India’ and the ‘Father of Indian Nationalism’ are the epithets to explain the personality of this great man who was an educator, cotton trader and social leader. He is none other than Dadabhai Naoroji, who was born on 4th September 1825 at Khadak in Mumbai.
Dadabhai Naoroji was the first man to say that internal factors were not the reasons of poverty in India but poverty was caused by the colonial rule that was draining the wealth and prosperity of India. In 1867, Dadabhai Naoroji put forward the ‘drain of wealth’ theory in which he stated that the Britain was completely draining India. He mentioned this theory in his book Poverty and Un-British Rule in India. Further in his book , he stated the loss of 200-300 million pounds of revenue to Britain. Dadabhai Naoroji considered it as a major evil of British in India. On the footsteps of Dadabhai Naoroji, R. C. Dutt also promoted the same theory by keeping it as a major theme of his book Economic History in India. The drain of wealth was the portion of India’s wealth and economy that was not available to Indians for consumption.