Department of Statistics India Review of the Trade of India in 1921-22

That year was one of sharp contrast between the boom coditions of the early months and the liquidation of the latter part of the year but 1921-22 was a year of unrelieved depression of hand-to-mouth buying by the consuming trades and of resigned patience on the part of traders and their financiers. [...] The movements of index nuelbers during the year in the United Kingdom the United States of America and Japan the countries which are India's best customers indicated an equation of supply and demand towards the end of the year in the United Kingdom but rather earlier in the United States and Japan. [...] The general trade slump affected the industry throughout the world and the coal-miners' strike in the United Kingdom from April to June temporarily paralysed the industry in that country and rendered their production for the year the lowest that has been recorded since 1850 in the case of pig iron and since 1895 in the case of steel this notwithstanding that the steel-producing capacity