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After the war, Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally.

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Detailed Solution

The above statement is true.
After the war, Britain found it difficult to recapture its earlier dominance in the Indian market and compete with Japan internationally. Post-war economic recovery proves difficult. Britain was the world’s leading economy during the pre-war amount, especially faced a protracted crisis. Moreover, great Britain was preoccupied with war, and industries had developed in Asian countries and Japan. During the war, Great Britain found it tough to recapture its earlier position of dominance within the Indian market and contend with Japan internationally. Moreover, Great Britain had borrowed generously from the United States of America to finance war expenditures.

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