Post War Industrial Development of India

Industries in India were comparatively few in varieties prior to 1939. Only cotton, jute and to some extent steel predominated the field. The once exporter country with export surplus in early British period had during the British regime become a predominantly importer country, till World War II. The steel industry however found a foothold in the period of the World War I when the requirements of the Mesopotamian campaign helped to expand Tisco's business to some extent. But soon after the end of the World War I the business slumped with shrinking demand and severe competition of foreign steel.