The correct answer is option 3, which states that the cotton textile industry was small in size. This statement is not correct.

Option 1 states that the jute industry was almost entirely owned by Europeans. This statement is correct and it reflects the ownership pattern of the jute industry during colonial India. The jute industry was primarily owned and controlled by British entrepreneurs.

Option 2 states that the cotton textile industry was almost wholly owned by Indians. This statement is not correct as the cotton textile industry in colonial India was mainly dominated by Europeans. The British had a significant influence over the industry and they controlled a large portion of production, trade, and profits.

Option 4 states that the growth of the cotton industry was the result of government support. This statement is correct. The cotton industry in colonial India received substantial government support, particularly in the form of tariffs and protectionist policies. The British government aimed to promote the growth of the industry and protect it from foreign competition.

In conclusion, option 3 is the incorrect statement as the cotton textile industry in colonial India was not small in size but was dominated by Europeans.