What of the following was a significant drawback of the new industrial sector in India during colonial times?

Limited area of operation of the public sector

Overall, the growth of modern industry in India during colonial period was relatively slow, with a focus on cotton, jute, iron, and steel industries, followed by other sectors in the post-war era. However, the development of a capital goods industry, which produces machinery and tools for further industrialization, was severely lacking in India. The establishment of a few scattered manufacturing units was insufficient to compensate for the significant decline in the country's traditional handicraft industries. Additionally, the growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) or Gross Value Added (GVA) remained quite small. Another notable limitation of the new industrial sector was the limited scope of the public sector's involvement. Public sector enterprises were primarily limited to areas such as railways, power generation, communications, ports, and select departmental undertakings. The public sector's reach and influence in other industries were relatively limited.