Choose the given statement that is true/false:

Britain found it difficult to recapture the Indian market after the First World War.

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Detailed Solution

The above statement is true.
Britain found it difficult to recapture the Indian market after the First World War.
Britain, the leading economic power during the pre-war period, faced financial distress during the post-war period. Britain's monopoly after the introduction of the industrial revolution had lost its relevance. The establishment of industry in India and Japan filled the gap created by Britain. As a result, Britain found it difficult to recapture the market again and compete with the newly established enterprises. Moreover, Britain took considerable loans to finance the war expenditures and was in debt. Hence, Britain found it difficult to recapture the Indian market.

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