Answer:
British
industries failed to recapture their old hold on the Indian market after the
First World War because
(i)
During the war years, Indian industries gradually consolidated their position
by substituting foreign manufacturers and capturing the home market.
(ii)
The nationalist movement had gained ground under Mahatma Gandhi and his call
for use of Swadeshi products was largely supported.
(iii)
Countries like Japan, US and Germany had modernized and Britain could not
compete with them.
(iv)
The British economy crumbled after the world war and cotton production and
exports fell dramatically. (3)
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