Choose the given statement is true/false:

After the end of the First World War, British businesses were unable to regain their previous foothold on the Indian market.

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Detailed Solution

The above statement is true.
After the end of the First World War, British businesses were unable to regain their previous foothold on the Indian market. This was 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 the advancement of the nationalist cause, and his appeal for the dissemination of news regarding swadeshi items received widespread support. After the war, the British economy went into a downward spiral, and cotton production and the export of cotton textiles both experienced significant drops

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