Answer:
During
the First World War, Indian merchants and industrialists had made huge profits
and became powerful. Keen on expanding their business, they now reacted against
colonial policies that restricted business activities. They wanted protection
against imports of foreign goods, and a rupee-sterling foreign exchange ratio
that would discourage imports.
The industrialists attacked colonial control over the Indian economy and supported
the Civil Disobedience Movement when it was first launched. They gave financial
assistance and refused to buy or sell imported goods.
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