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What was the effect of world wide economic depression on indian economy

Posted by Vinu C.T 5 years, 11 months ago

CBSE > Class 10 > Social Science

2 answers

Chinmay Sankhe 5 years, 11 months ago

After the first world war British have to pay the lone custom duty was increase and Income Tax was introduced.

1Thank You

Gaurav Seth 5 years, 11 months ago

a. The worldwide economic depression began in 1929 and there after impacted World economies including India,towards late 1920's not 1820's.

The effects of the World Wide depression on India were:

a. Agricultural prices began to fall and collapsed in 1930.
b. Demand for agricultural goods declined.
c. It became difficult for the peasants to sell their harvest and pay revenue.
d. The entire country was in crisis.
e. It helped in reshaping the national movement.

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