Explanation:

- Several factors contributed to the lack of economic development in India during the 19th century.

- Statement 1: The British government's policy was officially laissez-faire, but it involved discriminatory practices that hindered Indian businesses.

- Statement 2: European entrepreneurs had better access to financial institutions compared to Indian businesses, who depended on informal networks.

- Statement 3: When plantations moved to capitalist ownership, Indian investors were often excluded, exacerbating economic disparities.

- Option 4: 1, 2 and 3 - All three statements collectively highlight reasons for the economic stagnation.