India did not benefit from the Industrial Revolution in terms of developing its economy. In fact, because of the dominance of the East India Company and the British Empire, Indians actually took several steps backwards in this period. The Industrial Revolution was a dark age in India. Learning and science declined and warfare and poverty were on the increase. Britain exploited the subcontinent for resources for its textile industries and Indians lost their political autonomy. Indians actually had to import food from Great Britain because they were forced to grow cash crops like cotton and tea.
The Industrial Revolution did introduce modern financial practices to India as modern banks and postal systems were instituted. The transportation infrastructure was also improved with the construction of canals and railways. While these improvements were made to benefit the British, they did ultimately help the Indians as well.