Explain with example the role of industrialist in the freedom struggle of india
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(i) They lent their support to the Congress in protest against the colonial policies that restricted indigenous business enterprises.
(ii) They also gave financial assistance and refused to buy or sell foreign goods. They formed associations like the Indian Industrial and Commercial Congress in 1920 and FICCI in 1927.
(iii) They viewed Swaraj as freedom from the domination of market by foreign goods but withdrew their support when the Second Round Table Congress failed.
(iv) They were also concerned about the rise of the socialist ideology in the Congress.
(v) Purshottamdas, Thakurdas and G.D. Birla attacked the Colonial control over Indian economy.
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The Indian merchants and the industrialist became
rich and powerful due to huge profits they made during
the First World War. Thus they started opposing the
colonial policies which restricted their business to
expand. They had two demands — protection against
the import of foreign goods and a favourable exchange
ratio of rupee and sterling. In the year 1920 and 1927,
Indian Industrial and Commercial Congress and the
Federation of the Indian Chamber of Commerce and
Industries were formed respectively by the Indian
merchants and industrialist to organize their business
interest.Purshottamdas Thakurdas and G.D. Birla were
the prominent industrialist who supported the Civil
Disobedience Movement, given financial assistance,
refused to buy and sell the foreign goods and attacked
the colonial control. According to the merchants
and the industrialists, the meaning of Swaraj was
expansion of trade and business without restrictions by
the colonial government. But they were disheartened
due to the failure of the Round Table Conference.