(9)What was the impact of first world war on india
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(i) The war created a new economic and political situation. (ii) It led to huge increase in defence expenditure which was financed by war loans and increasing taxes, custom duties were raised and income tax was introduced. (iii) Prices increased, doubling between 1913 and 1918. This hit the common people.
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The war created a new economy and political situation
2 it led to huge in defence expenditure which was financed by war loans and increase taxes custem duties were raised and income tax was introduced
3 prices increase doubling between 1913 and 1918 .this hit the common people
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