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Q.

British industries failed to [[1]] their old hold on the Indian market after the First World War.


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Detailed Solution

British industries failed to recapture their old hold on the Indian market after the First World War. After the First World War's end, British businesses could not regain their last foothold on the Indian market because, during those years, the Indian industry had gradually consolidated its position by replacing foreign manufacturers and capturing the home market. Mahatma Gandhi was instrumental in advancing the nationalist cause, and his appeal for disseminating news regarding swadeshi items received widespread support. However, after the war, the British economy went downward, and cotton production and the export of cotton textiles experienced significant drops.
  
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British industries failed to [[1]] their old hold on the Indian market after the First World War.