Question

Indian industries developed rapidly from 1914 onwards But most of these industries were controlled by the Europeans. Why?

• A. There was no shortage of funds for the British as most foreign trade was conducted by them.
• B. The British authorities and officers were more inclined towards them.
• C. The Europeans had amassed wealth and power after WWI and India was in a vulnerbale state, economically, post WWI.
• D. Europeans owned factories, ships, and banks.

Answer 1

Answer: (A), (B), (D)

Europeans owned factories, ships, and banks.

The British government did not do much to help the Indian industries. But the Indian industries still managed to grow post the first world war. From 1914 onwards, India saw a rapid development in her industries. However, most of these Indian industries were controlled by Europeans. This is because the Europeans had many advantages. Europeans owned factories, ships, and also banks. The British authorities and officers were also more inclined towards them. Since most of the foreign trade was conducted by them, there was no shortage of funds either.