ABSTRACT
The doctrinaire Lord Morley then took much the same line as the European business man and refused to sanction the proposal of the Indian Government for pioneering in the industrial field. The First World War gave a new stimulus to the demand for industrialisation, and led to the appointment of the Indian Industrial Commission, which was able to draw on the experience of the Indian Munitions Board. In 1894 increased expenditure and a decline in the value of the rupee created fresh financial problems for India and the Herschell Committee recommended the reimposition of import duties. By the middle of the nineteenth century laissez faire ideas had become thoroughly established in England and these were strengthened in their application to India by the success of the textile industries which had developed there without special help from the Government. The Madras Europeans who strongly objected to governmental intervention in industry were overruled by the Government of India.
