Is it true that the industrialists attacked colonial control over the Indian economy, and supported the Civil Disobedience Movement when it was first launched?

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Detailed Solution

The above statement is true.
The industrialists, led by well-known industrialists like Purshottamdas Thakurdas and G. D. Birla fought against colonial control of the Indian economy and initially backed the Civil Disobedience Movement. They provided financial support and declined to purchase or exchange imported goods. The majority of business people began to view the swaraj era as one in which trade and industry would prosper free from colonial restraints. But following the Round Table Conference's collapse, business organizations lost their unanimity of enthusiasm.

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