Choose given statement is true/false:

The Indian cloth faced large competition in Europe

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True

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answer is A.

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Detailed Solution

The above statement is True.
Early on in its development, the Indian textile industry had numerous issues. The cheap textiles supplied from the UK made it impossible to compete. Most European nations protected their indigenous industries by imposing hefty import barriers. The colonial government of India did not offer local industries this kind of protection. Now that British textiles were a rival in the European and American markets, Indian textiles had to compete. It was considerably harder to export textiles to the UK because of the extremely high duties imposed on textiles from India that were imported into the country. The purchase of Indian commodities by European firms has ceased, and weavers no longer receive benefits from their agents as a supply security.

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