Colonial Economic Drain from India-A Reappraisal:A Reluctant Rejoinder

I am grateful to Banerji for condescending to write a response to my 'laboured article' interrupting his busy research schedule. Being pointed out as the only exception among his reviewers l felt like having written a minority minute of dissent to an otherwise unanimous majority report. Instead of admiring and praising the elegance and subtlety of Banerji's theoretical formulation, commended as correct on high, I dared to verify it and found it wanting.