What was the result of first world war on Indian industries
Answers
The impact of first world war on indian industries are as follow-
1. British industries were busy in producing and suppling war needs. Hence, they stopped exporting british goods or clothes in colonial markets like india.
2. It was a good opportunity for indian industries to fill in empty market with their product. Therefore industrial production in india increased.
3. The british colonial government asked indian factories to supply the war needs like jute bags, cloth or army uniforms, tents and leather boots, horse and mule saddles etc.
Till the First World War, industrial growth in India was slow. The war created a dramatically new situation. Manchester imports into India declined due to the war. The British factories became busy with producing things needed for the army. Indian mills now suddenly had a large market to supply. The long war made the Indian factories supply them with jute bags, cloth for army uniforms, tents and leather boots, horse and mule saddles, and a host of other items. Many workers were employed for longer hours.
After the war Manchester goods lost their hold on the Indian markets. British economy collapsed as it could not compete with the USA, Japan, and its European rivals. The Indian industrialists captured the local market. Small scale industries prospered.