Choose whether the given statement is true/false:

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

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True

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Detailed Solution

The above statement is true.
Britain found it difficult to recapture the Indian market after World War I.
All of the nations that took part in World War One made significant financial investments in the conflict, but by the time it was over, their economies collapsed. Britain was one of these nations, and it was unable to concentrate on the industries in India for the same reason. As a result, Britain lost its previous dominance over Indian markets and found it difficult to compete with Japan internationally. Furthermore, Britain had taken out a lot of loans from the US to pay for war expenses. This meant that Britain had substantial external debts at the end of the war. Hence, the above statement is true.

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